Some companies are restoring cuts they made to managers’ salaries in the early days of coronavirus shutdowns—a sign some industries and white-collar workers are benefiting from glimmers of a recovery while others still endure job and income losses
Some companies are beginning to restore cuts they made to managers’ salaries and bonuses in the early, bewildering days of the pandemic shutdowns, a sign that some industries—and their white-collar workers—are benefiting from glimmers of a recovery while millions of others continue to endure job and income losses.
In the first weeks of the pandemic, companies contending with government-ordered lockdowns, plummeting orders and closed stores reasoned that cutting pay could lower costs and stave off greater job losses. Many targeted...
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