The staff is … BuzzFeed CEO Jonah Peretti has informed the vast majority of staff that they will receive a pay cut for the months of April and May. After layoffs, BuzzFeed CEO focuses on growing revenue, diversifying BuzzFeed CEO Jonah Peretti laid off employees earlier this year as the company aimed to tighten expenses. BuzzFeed is cutting pay for its employees as the company attempts to weather the coronavirus pandemic. Peretti announced the salary cuts at a BuzzFeed all-hands meeting Wednesday and provided additional details in a […]
BuzzFeed staffers with salaries between $125,000 and $169,900 will have an 11% cut, while those making between $170,000 and $224,900 will have a 12% cut. Equal pay is a big issue, and it’s even the subject of a bill that recently passed the House and is now in the Senate. "This is the moment to test his mettle as a wartime CEO," said Andrew Essex, who got to know BuzzFeed and Peretti in its early days while running ad agency Droga5 from 2009 to 2015. BuzzFeed, hoping to forestall layoffs with an economic downturn of the COVID-19 pandemic already under way, is reducing the salaries of most employees. Also Read: BuzzFeed to Reduce Employee Pay, CEO to Forgo Salary Due to Coronavirus Pandemic The furloughs, which will begin on May 16 and last … Women in the US still earn about $0.79 for every $1 a man earns, on average, according to estimates in a new Glassdoor report.The Pew Research Center estimates it to be $0.85. Peretti announced the salary cuts at a BuzzFeed all-hands A month after CEO Roger Lynch enacted salary reductions, Condé Nast is laying off about 100 staffers in the US and furloughing about another 100. BuzzFeed is the leading independent digital media company delivering news and entertainment to hundreds of millions of people around the world. BuzzFeed, hoping to forestall layoffs with an economic downturn caused by the COVID-19 pandemic already under way, is reducing the salaries of most employees. In a bid to avoid layoffs, BuzzFeed is cutting staffers’ pay by as much as 25 percent while CEO Jonah Peretti will forgo pay as long as the coronavirus wracks the economy. Peretti broke the … CEO … ... BuzzFeed CEO …
CEO Jonah Peretti said he won’t be taking any compensation until the crisis has passed. CEO Jonah Peretti said he won't be taking any compensation until the crisis has passed. BuzzFeed, hoping to forestall layoffs with an economic downturn caused by the COVID-19 pandemic already under way, is reducing the salaries of most employees.
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