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The phrase "a severe 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 discussions.
Example: "Due to the company's financial struggles, employees were faced with a severe pay cut that affected their morale."
Alternatives: "a drastic salary reduction" or "a significant wage decrease."
Exact(3)
Once the cabinet approves him, Mr Fischer must renounce his American citizenship, brush up on his Hebrew and no doubt swallow a severe pay cut.
The reason is that there is such a small amount of money available, several stars will most likely have to settle for the $4.9 million midlevel exception, a severe pay cut, to sign with another team.
Data scientists admitted to the program are getting a "living stipend" to work on the projects, says Jiang. "These top-tier data scientists are taking a severe pay cut," he says.
Similar(57)
Half of the teachers who were convicted of sexually assaulting their students or others were given nothing more severe than a pay cut or a short suspension, according to the Education Ministry.
"She took a huge pay cut...
Twenty-four unpaidaysys works out to a 9.2 percent pay cut.
A big pay cut in the public sector would help.
She got the job, but took a 22 percent pay cut.
Gelb's offer still contained a substantial pay cut.
"It was a large pay cut," he recalled.
Another was taking a 30percentt pay cut.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com