Pay Cut
noun, verbal noun, の adjective
A decrease in salary is a pay cut.
This is a jukugo word, which usually means on'yomi readings from the kanji. If you know the readings of your kanji you'll know how to read this as well.
減給されるし、上司も嫌なヤツだし、会社を辞めて転職先をさがすことを本気で考えてるんだよね。
I got a pay cut and my boss is mean so I’m seriously thinking of quitting and looking for a different job.