Actual cut to hourly
Dead company walking. That's cashflow, and they can't see a way out. Make them pay you to look for other jobs.
They're fucking with everyone rn, our crew shrank by 50% and they're still cutting people
They're toast, even if they get orders in they're never getting the guys back to complete them. I would not worry about burning bridges on the way out, milk them a little and bail.