NDTV announces pay cuts, exempts those earning less than Rs 50,000 a month
The Group has said these changes in compensation will continue for three months till July 1
NDTV has announced pay cuts across the board and for the entire Group. The cuts, which come into effect April 1, exempt those earning less than Rs 50,000 a month.
An internal mail sent by the organisation’s HR Head says: “The impact of the Coronavirus crisis on the economy has already hit our business. Advertisers are reluctant to spend on Marketing right now – this is one of the first areas where companies cut back when they are under financial strain. Naturally, this means our revenue contracts significantly.
The Group has said these changes in compensation will continue for three months till July 1 at which time the management of the company will review costs and revenue to assess what changes are possible.
