An unusual financial-crisis-era tactic designed to avoid layoffs is reemerging as coronavirus freezes the economy. Here's why it could make a recovery take a lot longer.

5:15am PDT - April 11th, 2020    michigan unemployment - Business Insider

REUTERS/Manuel Silvestri Salary cuts — last seen during the global financial crisis in 2008 — are back as companies try to cut costs as the coronavirus pandemic drives an economic slowdown. While the move keeps workers employed and could help companies surviv…