I have had pay freezes as well as pay cuts. I worked at a company once where we had to take Friday off for the entire summer and not get paid for it. It was tough, but we made it through it. I would much rather get a pay cut for a short time then know that my friend or myself may get laid off. I think sometimes we forget that we can live on “not so much”. We learned that we didn’t really need our expensive cable or dinners out. In fact, we found other things to do together like puzzles and games. I can’t say that I liked it, but for the better good of the company and my co-workers, we made do with what we had.