NPR Not Immune To Pay Cuts
Bloomberg reports that NPR employee making over $80,000 a year will have their base pay reduced on a sliding scale of up to 9% through Sept. 30 and workers will be offered furloughs, according to a staff memo issued by NPR Chief Executive Officer John Lansing (left). NPR is also stopping employer contributions to its 403(b) retirement plan.
NPR had already been projected to lose from $30 million to $45 million in fiscal 2020 and 2021, but that number has now been adjusted upward to $40-$53 million. Lansing’s memo stated, “That is still a very early estimate that could easily become worse if, for example, a second wave of Covid-19 were to occur later this year.”