Quibi Staffers 'Fuming' Over Reese Witherspoon's $6M Payday As Company Faces Layoffs: Report (via Fox411)
Reese Witherspoon attends the 2020 Vanity Fair Oscar Party hosted by Radhika Jones at Wallis Annenberg Center for the Performing Arts on Feb. 9, 2020 in Beverly Hills, Calif.
"Quibi may have to implement cutbacks and people are fuming that stars like Reese got paid millions," one source told the outlet. The insider claimed that Quibi has already scaled back overtime for its "lowest-level staffers," while others have already been let go "quietly."However, a source familiar with the situation told Fox News that Witherspoon's payday was "far, far, far less" than $6 million.
Meanwhile, Quibi said the report was "completely inaccurate" and "the talent compensation was utterly inaccurate," as well as denied laying off staff "as a part of cost-saving measures" in a company memo obtained by Fox News on Wednesday. The company said in the memo its senior leadership team has "volunteered to take a 10 percent pay cut because it’s the right thing to do.
Quibi was launched by former Disney executive Jeffrey Katzenberg and Meg Whitman with an aim at commuters, as it can only be accessed on a mobile device. All of the shows featured on the app are 10 minutes or less. The outlet said the
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Quick bites.\u003cbr\u003eBig stories.\n\u003cbr/\u003eQuick bites of captivating entertainment, created for mobile by the best talent, designed to fit perfectly into any moment of your day.
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