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Beasley Cuts Salaries by 5%

This is certainly a better option than laying off employees and I’m sure we will see more of it from many corporations in months to come.

All 44 Stations and 700 employees will be affected by the decision to save jobs by cutting salaries.
The corp is in a total of 11 markets including outlets in Boston, Philadelphia, Miami and Las Vegas.
“We are hoping that a payroll reduction will help us keep our employees,” said Mesnik, who also noted that the Naples, FL-based company had reduced its staff by 7% over the past several months.

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