In exchange, the company is raising its 401(k) match from 25 cents on the dollar to 66 2/3 cents on the buck.
“It allows employees to take greater advantage of their own saving strategy,” a spokeswoman told Kelly.
Condé Nast, of course, cut hundreds of people last year in an effort to cut costs and survive the ad slump/recession/death of print triple whammy that’s hammering every media company.
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