NYT Asking for Pay Cuts?

By Glynnis Comment

FishbowlNY is also hearing that the New York Times is very close to announcing five percent pay cuts at the paper. However we hear that the cuts may be across the board and that rumors of furloughs have been swirling for days.

Question for the numbers people out there: Will a five percent pay cut be enough? And if not, how long till online payments cease to look so bad?

Thoughts? We’d love to hear them.