While ESPN hasn’t had to furlough employees yet, the network is asking their on-air personalities to join their executives in taking temporary salary pay cuts.

What’s happening:

  • Variety is writing that ESPN is asking some of their network personalities to join with executives and take pay cuts.
  • This means salary cuts would affect some of the biggest personalities on the network such as Stephen A. Smith and Mike Greenberg.
  • According to a source close to the matter, ESPN is asking for a 15% reduction to salaries for a three month period.
  • Executives are hoping to avoid having to furlough employees who don’t earn as much as the big name commentators.
  • Earlier this month, ESPN’s parent company, Disney announced their executives would be taking pay cuts, followed by the decision to furlough non-essential employees at their parks and resorts.

What they’re saying:

  • ESPN in a statement: “We are asking about 100 of our commentators to join with our executives and take a temporary salary reduction. These are challenging times and we are all in this together.”

ICYMI: