BuzzFeed is slashing employee salaries temporarily in an attempt to stave off layoffs, it told employees in a memo sent out Wednesday, The Daily Beast reported. The memo said that employees making as low as $65,000 would see a 5% pay cut—while bigger cuts would apply to higher paid employees. Executives could see as much as a 25% pay cut. This would last for at least the next two months. The...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.


Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.

Recent Popular Stories
Exclusive
startups
crypto
MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped