Conde Nast cuts salaries due to Coronavirus

Condé Nast is the latest publisher to turn to cuts due to the coronavirus.  To counter the plunge in advertising that is plaguing the industry, the publisher of Vogue, Vanity Fair, GQ and Glamour told staffers Monday that it is cutting salaries of those making more than $100,000 by between 10 percent and 20 percent, effective May 1. The reductions will be in place for five months across all markets. […]