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.
- Journalism Student Defends Major: 'We're Headed Into an Industry That is Alive and Kicking'
- Three Questions for Maria Cristina Marrero, Editor-in-Chief of 'Siempre Mujer Magazine'
- Editor-in-Chief of 'More' Dishes About Fearlessness & Versatility at WiCi Awards
- Time's Running Out to Get a Free Webcast With a Mediabistro Course Purchase