There's probably another 300,000 more who got cut by anywhere from 5% - 24%. Anecdotally I hear of many companies instituting 5% - 15% cuts from top to junior management levels. There are also a lot of other initiatives undertaken by companies that result in reduction in take home pay although they may not officially be classified as pay cuts. These include reduction in OT opportunities, removal of various allowances, removal of reimbursement of certain items that can usually be expensed as part of work.