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The phrase "a sizable pay cut" is correct and usable in written English.
It can be used when discussing a significant reduction in salary or wages.
Example: "After the company downsized, many employees were faced with a sizable pay cut that affected their financial stability."
Alternatives: "a substantial salary reduction" or "a significant wage decrease."
Exact(10)
She also took a sizable pay cut.
The offer represented a sizable pay cut from the $16 million Pettitte received in 2008.
This is a man who took a sizable pay cut to join the Fire Department.
He had to take a sizable pay cut but was grateful to be working again.
Taking a sizable pay cut would earn great respect and set an example.
To stave off additional staff reductions, Mr. Leno took a sizable pay cut, said the person, who would not specify the amount.
Similar(50)
For his efforts, though, Mr. Trani pulled a sizable pay increase out of his company last year.
That's because all of the low-wage workers who kept their jobs, many of whom live outside the city limits, would get a sizable pay raise.
All executives took a 10% pay cut.
Ministers had a 5% pay cut.
Then everyone took a 10percentt 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