NDTV staff to take 10-40% salary cut

With the ongoing coronavirus pandemic continuing to take its toll on the economy world over, it has emerged that broadcaster NDTV has informed staff of immediate salary cuts.

In a Bombay Stock Exchange filing, the group has announced cost-cutting measures, with 10-40% salary cuts. NDTV has been forced to make the decision after a huge slump in advertising revenue.

It said, “The management of NDTV Group has been forced to implement a salary cut, effective 1 April, of between 10-40 per cent based on income slabs for a period of three months across its employee base.”

The salary cut will apply to employees who earn more than Rs. 50,000 per month.