#Quibi asks top execs to take 10 percent pay cut as layoffs loom
“Quibi asks top execs to take 10 percent pay cut as layoffs loom” Quibi, the new start-up from Hollywood mogul Jeffrey Katzenberg, is in cutting mode already. Just a month after it launched on April 6, the mobile streaming service is asking senior executives to take a 10-percent pay cut as coronavirus lockdowns have squelched…