South China Morning Post to cut pay of top management and put staff on three weeks unpaid leave as part of cost-cutting measures

The South China Morning Post has introduced a package of cost-cutting and revenue-raising measures intended to help it weather the economic impact of the coronavirus pandemic, which has hit the global media industry hard.Twenty-seven senior executives, including CEO Gary Liu and Editor-in-Chief Tammy Tam, have agreed to have their pay cut immediately, and all staff earning more than HK$20,000 a month have been asked to take three weeks unpaid leave by the end of March next year.Salaries will be…

from South China Morning Post https://bit.ly/3cDKpQy