Salary Reduction
Salary Cut
noun, verbal noun
Your boss says she's going to decrease your salary with a company-wide salary reduction. You should probably start looking for a new job that won't do salary cuts like this.
This is a jukugo word that uses the on'yomi readings of the kanji. You should be able to read this on your own. Watch out because ほう becomes ぽう here.
会社から、三割の減俸を言い渡されました。
A thirty percent salary cut was announced by the company.