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Jay Leno Took 50% Pay Cut To Alleviate Tonight Show Layoffs, Per NBC

Jay Leno took a $15 million pay cut to help reduce layoffs at The Tonight Show. An NBC Universal representative told CNN that figure amounted to a 50 percent decrease in pay for Leno.

The report noted that 20 to 25 staff members have already been laid off, and Leno adjusted his pay in order to prevent any additional cuts.

A source with direct knowledge of the situation told CNN last month that 20 to 25 employees of “The Tonight Show” were let go and that Leno made the salary concession to prevent even more staff reductions.

According to the source, the layoffs were part of a plan to adjust the show’s expenses to be more in line with typical late-night programming as opposed to prime-time fare.

The network also said Leno’s contract has been extended to September 2014.

(H/T CNN)

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