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Bounce announces 20-60% pay cut for employees, 100% for founders

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BENGALURU : 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. “Taking these pay cuts across the company ensures that no jobs are lost irrespective of the economic situation, and the company improves its runway to over 30 months.

In lieu of the interim salary cut, employees will get ESOPS (employee stock ownership programs) so that everyone benefits from future

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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