Multiple sources have told us that senior staffers at New York public radio station WNYC will be taking a 5% pay cut as the station faces decreased underwriting revenues and a budget deficit.

Publicists for WNYC refused to comment on the pay cut, but confirmed that the station is considering laying off up to seven employees (which we told you about last week).

“Like most non-profits and cultural institutions, WNYC has been impacted by the economic downturn and has seen revenues decline, primarily in underwriting,” WNYC Director of Publicity Jennifer Houlihan said in a statement. “We have significantly cut back on our operating expenses, but unfortunately must still consider the possibility of laying off up to seven of the 219 current employees. We expect to make a final determination in the coming weeks.”

We have gotten conflicting information about how much WNYC’s deficit will be for next year, although the New York Times reported last month that underwriting revenues were 25% below projections for this year. If you have any info, put it in the anonymous tip box at right or email us.

Earlier: Possible Layoffs At WNYC