Dear Folake/I have been asked to take a salary cut or leave the company, what should I do?

Every week, we feature problems that have been emailed to us by readers. Below is the latest work problem - what are your thoughts on how best to solve it?

I am in my late 30's and have been a manager at my company for several years. As a result of the economy, I have been asked to either take a significant salary decrease (>20%) or leave the company. There is no indication that the pay cuts are temporary. What should I do?

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