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entertainment media/telecom

NBCUniversal Announces Pay Cuts

By
Jessica Toonkel
· · Source: The Information

NBCUniversal’s top executives have agreed to take 20% pay cuts and the company is rolling back planned salary increases for exempt employees who make more than $100,000, NBCU CEO Jeff Shell said in a memo. Shell, a longtime NBCU executive who just started as CEO in January, alluded to the need for cost-cutting on Comcast’s earnings call last week, and many had expected mass layoffs. It seems...

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