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An exodus ensued after disappointing financial results led the firm to slash salaries.
"And if I slash salaries, economic activity will slide and the merchants will suffer.
They plan to cut local taxes by 10%, slash salaries for elected officials, and shed overlapping public services.In Tokyo this is all seen as autocratic.
As a result, the center was forced to cut jobs, slash salaries and move to less expensive office space, Muthyala wrote.
Dewey & LeBoeuf's leadership has been scrambling to salvage the New York firm, which has been decimated by partner defections after weak financial performance and heavy debts forced the firm to slash salaries.
"Threats by factory owners and managers to slash salaries over misconduct are nothing new to us.
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The government slashed salaries, then severely restricted bank withdrawals.
Latvia's government sacked 30% of public sector staff and slashed salaries by 40%.
Earlier this month, the regulator for Fannie Mae and Freddie Mac slashed salaries for the heads of the two agencies and blocked most executives' bonuses.
So they were replaced by "permanent" spending reductions, code for slashing salaries and pensions.Many elderly Greeks' worst fears were realised when the law was unveiled.
Now, Chinese white-collar businesses are starting rounds of layoffs, slashing salaries and cutting the year-end bonuses that employees highly prize.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com