Prefer pink slips over pay cuts

The argument still stands valid that the market is still growing. There will never be a dearth of jobs and they will continue to boom with more and more competitors big or small landing up in the market. What an organization must understand is the individual’s psyche. If a worker who has cut through event after event to get into an organization is just handed over a pink slip, is bound to retaliate.

On the contrary if the same individual is asked to leave stating the reasons politely with no harm done to his formal report and more options in terms of job opportunities is given to him, one would surely not mind. After all, more than a majority of Workforce chucks off their old jobs whenever they come across a new and better paying one.
The crux of the whole thing is to think like the ones you are dealing with. Get down to their ways of dealing and it will help to reach conclusions to a greater extent.