TWT Eliminates Merit Raises
In an email to The Washington Times staff this morning, president and publisher Tom McDevitt announced an elimination of merit raises, saying the paper is not immune to “economic forces.”
A longtime reporter we spoke to said this was “better than getting laid off or having a 15 percent pay cut. It’s all oddly relative.”
McDevitt’s email below:
Dear TWT Colleagues,
I am sure you are aware of the various difficulties our industry is experiencing. In addition to significant layoffs and buyouts, many newspaper employers have been forced to decrease their employee’s salaries and eliminate or reduce employment benefits.
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