Conde Nast, the media company that owns magazines like Vogue, GQ, and Vanity Fair, has announced that there will be pay cuts, furloughs, and possible layoffs amid the ongoing health crisis. Anna Wintour, the longtime editor-in-chief of Vogue, is among the execs who will be taking pay cuts.
The New York Times reports that her salary will be cut 20 percent. Conde Nast employees who make $100,000 or more will have their salaries reduced by 10 to 20 percent for five months.
It has been reported that this applies to nearly half of the company. The Times says that Conde Nast will not directly ask for money from the government, but it will explore “the use of relief programs and stimulus packages in certain regions for furloughed or laid-off
Read more on justjared.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.