NPR Cuts Pay and Benefits After the Outbreak Widens Its Deficit
- Cost cuts are bid to ‘save jobs and support the future of NPR’
- Organization could lose up to $53 million over next two years
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National Public Radio is cutting pay and benefits in a bid to “save jobs and support the future of NPR” after the coronavirus pandemic ballooned its projected losses to as much as $53 million over the next two years.
Employees’ base pay will be reduced on a sliding scale of up to 9% through Sept. 30 and workers will be offered furloughs, NPR Chief Executive Officer John Lansing said in a memo to staff. The 50-year-old media organization also is stopping employer contributions to its 403(b) retirement plan, but workers making less than $80,000 a year won’t see their pay cut.