The phrase "a major pay cut" is correct and usable in written English.
It can be used when discussing a significant reduction in salary or wages, often in the context of employment or financial situations.
Example: "After the company downsized, many employees were faced with a major pay cut that affected their financial stability."
Alternatives: "a significant salary reduction" or "a substantial wage decrease."
Iverson is taking a major pay cut from his $21 million last season.
The musicians say that they would be willing to discuss such job changes in the future but not in the context of a major pay cut.
In a heartwarming move, writes Ken Rosenthal on Foxsports.com, Kerry Wood took a major pay cut to return to the Cubs, and in a less-than-heartwarming scene, Edgar Renteria sniffs that the Giants' $1 million offer is insulting.
A carpenter with bone spurs in his lower back that cause him excruciating pain describes how after working for his company for 30 years, he is being threatened with replacement by cheap, illegal laborers unless he takes a major pay cut; he is already broke and facing foreclosure.
The musicians of the Detroit Symphony Orchestra will take a major pay cut and will be reduced in number but will not have their jobs redefined to require teaching, coaching and other forms of community outreach, according to details of a new contract agreement released by the symphony on Friday.
I know that because earlier this evening, Steve turned to me and said: 'Isn't my body of work remarkable?'" Denzel Washington is taking a major pay cut to star on Broadway next year - and all because his latest film was cancelled.
Some MF Global employees remain unemployed while others took major pay cuts to work for the trustee unwinding the firm's assets.
Known as New York City Teaching Fellows, many dropped other careers and took major pay cuts to join the program, which drew 3,300 applications from around the country.
A new report from the Bureau of Labor Statistics sheds some light on why: People who lost work, especially if they're older, often aren't finding re-employment; even when they do find new work, they're taking major pay cuts.
The good signs are Malone and Payton's willingness to take major pay cuts to play for the Lakers and O'Neal's rededication to being in shape after last season's debacle.
Companies are cutting down on their expenses; and for many employees, this results in major pay cuts and reductions in bonuses.
