This to encourage you seek employment elsewhere and quit so as to not have to pay severance.
If you ask if your compensation will be changing, the answer you will get is “not at this time” or “as far as we know it will not be”.
Key words “at this time” and “as far as we know”
That would be a severe internal equity issue with SVPs demoted to level 8/IC along with VPs and AVPs. But I guess that's the least of their worries.
They are not lowering compensation. We have our salary ranges and they aren’t changing.
Been through several of these. They won’t lower comp. There’s almost enough room in the lower band and if not they’ll just make an exception. However yeah they are hoping the demoted role will chase some people out the door.