Lotto Soudal's 27 riders plus management and administrative staff volunteered to waive part of their wages until racing starts again in "solidarity" with staff and sponsors.
"This decision was taken without discussion and with unanimity. It was clear to everyone that particular circumstances require particular team actions," the team statement read.
The team's mechanics, soigneurs, physiotherapists and bus drivers have been forced to become temporarily unemployed and the contracts of its self-employed personnel suspended.
But the team says all can lean on Belgium's bridging financial support which is not just for the fully unemployed.
In just one month, more than one million people in Belgium have registered as temporarily unemployed.
The classics will happen, just later in the year
Meanwhile, Lotto Soudal star Philippe Gilbert told Cyclingnews he believes the classics will happen later in the year.
"It's going to be different but beautiful."
"For riders it's hard because we obviously had all that momentum and we'd worked so hard," said the Belgin whose main goal this season was Milan-Sanremo.
"I was physically ready and after Paris-Nice I did my best training. I was ready for a great Milan-San Remo and the other races."
"It's hard to say when we can race again. Of course I hope it's as soon as possible. The world is crazy at the moment and it's hard to predict anything."