Roc Nation, the multifaceted management-label-publishing company established as a partnership between Jay-Z and Live Nation, was hit with multiple furloughs and pay cuts last month that extend across as much as half the company, multiple sources confirm to Variety.
Reps for Roc Nation and Live Nation did not respond to Variety’s requests for comment. The furloughs and pay cuts — which sources said were in the 10%-20% range — are said to extend across all departments as well as the streaming service Tidal, where sources said the affected areas were largely in the marketing and events departments.
A source tells Variety that the company made the moves quickly last month as the crushing impact of the coronavirus brought two of Roc’s primary
Read more on variety.com
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