As a fairly junior person, I appreciate that everyone is currently making a sacrifice for my sake. Please try and remember though that losing a job has a huge financial impact on people, bonus or not, not to mention an emotional impact. Given the economy, maybe I'll be able to find a new job or maybe not. I have expenses and a family too...

Taking a paycut, is far more manageable for most of us than an altogether cessation of pay. Especially when our prospects of getting another job have fallen in a dramatic way.