Plus the paycut
There has already been a cut in pay for new hires. Anyone joining now will get less than the original group. That will be a great way to recruit people! It won’t take long for new hires to figure out they are getting paid less to do the same job. Again, with all the current opportunities out there why would you join such a place? They’re being sneaky and I don’t think they get it. Look elsewhere, it’s not worth it.