Slightly Concerned - Project Manager UL Solutions Employee Review

The company recently announced they are cutting bonuses for lower level employees but they aren’t providing equal base pay increases, so it’s essentially a pay cut. To do this at a time when the labor market is so competitive and inflation is at a 40-year high feels like a major red flag. Especially considering UL is consistently profitable. Outside of the compensation issues, there seems to be a lack of stability in a lot of divisions as the company is going through a reorganization. There have also been quite a few recent leadership departures which is concerning.