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'salary cuts' is correct and usable in written English.
You can use it to refer to reductions in a person's salary, either in a specific situation or more generally. For example, "The employees were dismayed to learn that their company was implementing salary cuts for the following quarter."
Exact(60)
(Layoffs and salary cuts were also considered).
Despite headlines of swingeing salary cuts, too little has happened.
Citing losses totalling $273m, club owners demanded salary cuts.
And his employees have all agreed to salary cuts.
The machinists are taking salary cuts of 13percentt.
Remaining employees would not have to take salary cuts.
People involved in the show agreed to take salary cuts.
Some residency programs have experienced faculty salary cuts, furlough days, and cessation of funding for travel to academic meetings.
Met management has asked for 16-17% salary cuts from its workers.
Relegation can be a staggering blow, leading to salary cuts, player sales and financial misery.
Civil servants, who make up the biggest sector of the workforce, will take unprecedented salary cuts.
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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