When this situation happened at Semco (Brazil has had a lot of problems with its economy over the last 20 years) management put forward keeping salaries the same, but letting people go. The employees countered with everyone getting salary cuts to see them through the down turn, with the hike back to normal levels agreed on beforehand.
I don't know if it was about wether or not the company the company would turn around, but it seemed a lot more based on loyalty to the company (plus all staff, even assemblyline workers set their own work hours) and no one really wanted to go back to working at a 'traditional' company. I think that in software dev a lot of the jobs are fairly the same work environment-wise, so your take probably could work if you are only at work for the money (and I know, everyone has bills to pay, I have a family so it would be a tough call for me to make as well but I don't think I would just try to hike my salary and hasten the doom of the company if they've treated me awesomely over the years)
When this situation happened at Semco (Brazil has had a lot of problems with its economy over the last 20 years) management put forward keeping salaries the same, but letting people go. The employees countered with everyone getting salary cuts to see them through the down turn, with the hike back to normal levels agreed on beforehand.
I don't know if it was about wether or not the company the company would turn around, but it seemed a lot more based on loyalty to the company (plus all staff, even assemblyline workers set their own work hours) and no one really wanted to go back to working at a 'traditional' company. I think that in software dev a lot of the jobs are fairly the same work environment-wise, so your take probably could work if you are only at work for the money (and I know, everyone has bills to pay, I have a family so it would be a tough call for me to make as well but I don't think I would just try to hike my salary and hasten the doom of the company if they've treated me awesomely over the years)