Sports
Sixers Ask Full-Time Employees To Take 20 Percent Pay Cut
The Sixers are asking for a temporary pay cut the salary of full-time employees by up to 20 percent due to the coronavirus pandemic.
PHILADELPHIA (CBS) — The Sixers are seeking to temporarily cut the salary of full-time employees by up to 20% due to the coronavirus pandemic and the pause of the NBA season, Scott O’Neil, CEO of Harris Blitzer Sports & Entertainment, confirms to CBS3. The employees will also move to a four-day week.
Marc Stein of the New York Times reports the cuts will begin on April 15 through the end of June. Stein reports the salary reduction affects employees making more than $50,000.
