BuzzFeed cuts employee pay by up to 25 percent as coronavirus slams economy squib

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 news in a memo to staffers Wednesday, saying salaries will be slashed in April and May on a sliding scale...
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