India: Bounce announces 20-60% pay cut for staff, 100% for founders

Visual from Bounce website

Scooter rental platform Bounce on Wednesday said that it will temporarily cut salaries of all employees, across the organization, given the uncertainty for businesses and start-ups in the country that has been caused by the virus outbreak.

Bounce founders, Vivekananda Hallekere, Varun Agni and Anil Giriraj have announced a 100% pay cut in their salaries, while the rest of staff have agreed to forgo 20-60% of their compensation.

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