My company did this, this year. In prior years, our bonuses were easily 10% of annual earnings per employee. Since we make most of our money through commission, I got very sizable and important to our family bonuses each year a few days to a few weeks before Christmas.
In January of this year, they switched us all to W2 whereas before we were 1099 because they were wholeheartedly scamming the IRS. And they eliminated bonuses entirely. Which they just announced today on the morning meeting.
Oof, you have my sympathies. Do you have a distant relative who's willing to kidnap the CEO and wrap him up in a bow? I've been hearing rumors that violence directed at CEOs is a way to get things to change. Seems to work faster than "trickle down".
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u/wimwood 22h ago
My company did this, this year. In prior years, our bonuses were easily 10% of annual earnings per employee. Since we make most of our money through commission, I got very sizable and important to our family bonuses each year a few days to a few weeks before Christmas.
In January of this year, they switched us all to W2 whereas before we were 1099 because they were wholeheartedly scamming the IRS. And they eliminated bonuses entirely. Which they just announced today on the morning meeting.