That's highly unlikely and I question the accuracy of the Tech Crunch report. A pay cut is too much to ask, unless the whole company is going through tough times and needs to tighten their belts to avoid Chapter 11. Much more likely is that the regional pay scale will be lower, so if you move to Nashville with an $80K base, and the new hires are coming in at $50K, it's going to be a while before you get a raise.