GLOBAL PAY CUT AND HIRING FREEZE - Senior Engineer Arm Employee Review

Don't bother applying here. (Not that you can apply anyways because we're in a global hiring freeze.) Now we have more work than ever with more projects to deliver all while having people leave without a guaranteed backfill req. We have a benefit called "FlexPot" which we treat as our salary. In the US, all employees get $8,500. This benefit is completely CANCELLED. A director in HR once said "FlexPot can be taken away at any time". This is a flat amount, so this represents a signifcantly higher salary percentage of a graduate's salary compared to higher-earning directors and VPs. Last year our mid-year reviews were also cancelled, so no one got promotions or raises. Right in the middle of the pandemic while we're not only working harder than ever, but earning more. My morale is now at an all-time low. Not only am I getting a $8,500 paycut, but I see co-workers leaving and their teams not getting backfills. I'm also getting contacted by more recruiters than ever. The cherry on top? I found out by reading an email. It didn't say FlexPot was cancelled anywhere in the email. It just said "we are making changes to FlexPot". I thought "oh good, the last time you made changes to FlexPot you let us buy office equipment with FlexPot because we're in a pandemic." How naive and wrong I was.