Ground Report | News Desk
NDTV announced a salary cut of between 10% to 40% based on income slabs, for all employees who earning more than Rs 50,000 per month.
According to a notice issued by the Management of NDTV reads that the salary cut is effective April 1 for a period of three months, “subject to detailed review at the end of the period”. There will be no cuts for employees earning less than Rs 50,000 a month.
“This is to inform you that the impact of decreasing advertisement revenue accelerated by the onset of the COVID-19 pandemic, together with the uncertainty surrounding the recovery of the global and Indian economy, has forced the NDTV Group to undertake certain cost-cutting measures with immediate effect”.
Notice further reads that “the management of the NDTV Group has been forced to implement a salary cut, effective April 1, of between 10 – 40 per cent based on income slabs for a period of three months (subject to detailed review at the end of the period ) across its employee base (where employees earn more than ₹50,000 per month).