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(visit the link for the full news article)
The company said today that it had laid off 17 employees, or approximately 17% of its staff. It has also mandated a pay cut for all employees, averaging 6% but with higher-paid staffers taking an 8% cut.
“In the context of the global economic crisis, we had to take certain measures to get costs under control,” said Stephen Rountree, the company’s chief operating officer. “It’s very important to us to be prudent and responsible moving forward.”
Originally posted by Skittle
L.A. Opera announces cutbacks
latimesblogs.latimes.com
(visit the link for the full news article)
The company said today that it had laid off 17 employees, or approximately 17% of its staff. It has also mandated a pay cut for all employees, averaging 6% but with higher-paid staffers taking an 8% cut.
“In the context of the global economic crisis, we had to take certain measures to get costs under control,” said Stephen Rountree, the company’s chief operating officer. “It’s very important to us to be prudent and responsible moving forward.”