Buzzfeed News Union reaches work-share deal with company to save jobs during the pandemic

The BuzzFeed News Union announced they have reached a work-share deal with BuzzFeed that would cut salaries in an attempt to save jobs during the coronavirus pandemic. 

The agreement will allow staffers to work 20 percent reduced weekly schedules with a 20 percent cut in pay through the end of 2020. The deal also prevents any additional workforce reductions for the rest of the year “unless BuzzFeed’s financial projections indicate specified higher-than-anticipated losses.”