VC-Backed Pay Cuts Abound

Increasingly, venture capital-backed companies are reducing their burn rates by cutting salaries, along with perks, for their remaining employees. It's not a new trend, but it does appear to be intensifying. Savings measures – which include across-the-board pay cuts, more equity and less cash, and shorter work weeks – have become more widespread this year. In some cases, companies are reducing pay in lieu of layoffs. Others already shed jobs, and are cutting to further reduce burn. Forced time off is one popular tactic. Gerry Langeler, managing director at OVP Venture Partners, says one portfolio company is offering

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