Things are tough in the market. Right now some of the directors of my company are in Japan, working on some plans with our parent company. Later this month, a major restructuring is to be announced. Along with it, we will be told that there will be pay cuts for next year. At least this is in place of any further layoffs, but a 5% cut would just about erase the "raises" I have gotten for the past two years. We are supposed to get a (scaled down) year-end bonus this year (typically runs 5 to 10%).