Quibi Is Cutting Senior Executive Pay by 10% — But Insists No Layoffs

Just two months after launch, Quibi is slashing executive pay by 10%. The COVID-19 pandemic has hit the economy hard, but some sectors are seeing massive boosts. Streaming video is up more than 25% in the last few months, but launching a new product is hard. Quibi’s initial launch seemed strong, though its three-month trial […]

The post Quibi Is Cutting Senior Executive Pay by 10% — But Insists No Layoffs appeared first on Digital Music News.

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