My work let all the contractors know that they can comvert or their contracts will not be renewed again. I know at least one guy that would be taking a 40k pay cut.

I was just hired on along with another guy. We found out that one of our team members who has been with the company for 10 years is making less than the new hires.

Another oddity of the situation: I worked with her in the same department 10 years ago as new hires. I left the company to double my salary and 10 years later came back and was hired at the same salary I had left for (took a pay cut for a better life).

I get so pissed off on her behalf. 8 years of mysoginistic managers screwing her over for raises, and now that she finally has a good manager, his hands are tied to give her a decebt, an deserved, raise or even salary parity with new-hires.