A month after laying off 15 percent of its staff, Compass announced company-wide pay cuts on Wednesday. The Softbank-backed brokerage, which has raced to slash spending in the wake of Covid-19, said it would reduce salaries by 10 to 50 percent, according to an internal document reviewed by The Real Deal. According to the internal document, Compass said the pay cuts will be temporary, impacting three months’ worth of pay. Reductions are being done in
source https://therealdeal.com/2020/04/22/compass-slashes-payroll-but-keeps-recruiting/
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