Pay Cut
noun, する verb, の adjective
A decrease in salary is a pay cut.
げんきゅう
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、上司も嫌な奴だし、会社を辞めて転職先を探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.