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Posted: 9:04 a.m. Monday, Sept. 10, 2012

Jay Leno Takes 50% Pay Cut 

This Week in Entertainment: Aug. 24, 2012
Matt Sayles
JAY TAKES ONE ON THE CHIN: "The Tonight Show" has laid off about two dozen workers, prompting host Jay Leno to accept a pay cut to spare other staffers as NBC clamps down on expenses. The payroll purge affected about 10 percent of the roughly 200 people who work on "The Tonight Show," still the top-rated late-night program. (AP Photo/Matt Sayles, File)

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Jay Leno just agreed to give up 50 percent of his salary — or $15 million of it — in order to reduce layoffs at “The Tonight Show,” CNN is reporting A source “with direct knowledge of the situation” told CNN last month that NBC has already laid off 20 to 25 employees of “The Tonight Show” and Leno adjusted his salary accordingly to prevent any additional firings. CNN’s source said the layoffs were made in order to cut expenses to match typical late-night programming instead of an expensive prime time program. CNN has more background:

 
 

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