Lesser of Two Evils: Media Companies Explore Alternatives to Laying Off
Not that long ago news that major media companies were mandating unpaid weeks off and significant salary cuts would have been greeted with outrage. These days, while not great news, one is tempted to breathe a sigh of relief: it’s better than being laid off! And it certainly seems like more companies are trying to figure out ways to avoid just that.
AllThingsD is reporting that New York is cutting the salaries of its writers. Says NYMag spokesperson Serena Torrey “Where we can find efficiencies in terms of limiting, say, freelance labor or hours worked, or by renegotiating deals, we’re certainly doing that.”
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