In 2020 the company I worked for did ~25% temp salary reduction so they could feel safe that they could keep everyone employed and such. 3 months after everyone did it they said "thank you thank you we are so happy we don't need to let anyone go". 2 months later they laid off ~50% of the development team and people throughout the company...
At the end of the year they said no bonuses, followed by an email saying despite covid they made a profit.
At the end of the year they said no bonuses, followed by an email saying despite covid they made a profit.
Companies lie to employees all the time.