Employer cutting my salary by 25%

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starrynite

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I'm a General Manager at a bowling center on salary (Amusement & Recreation Industry) and the owner told me yesterday that he is cutting my pay by 25% effective immediately. Is that legal? Does he have to wait until the next pay period begins? Also, my hours will be increasing from 40 to 50 plus. Am I eligible for overtime pay?

Thanks for any help......
 
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