The link I posted previously was somewhat outdated as it mentioned only that furloughs were under consideration.  As a part of the recent budget agreement, the UC furlough is now a done deal.  Here are some more recent stories.

I have heard that, system-wide, professors will take an 8% cut in pay.  The word “furlough” usually means something like a temporary layoff.  Here it means that workers will have shorter hours and commensurately lower pay.  For example, UC non-faculty staff will have a few days off each month.

What are the marginal hours where Professors will be furloughed?  Saturdays.  That is, no classes will be cut, all administrative duties remain intact, pay is cut 8%.  Presumably this means that my colleagues in UC system will be doing 8% more surfing the web when they are not in the classroom.