Axel Springer’s Insider Raises Minimum Salaries

Axios: Insider will boost its minimum salary to $60,000 annually for US employees, while increasing its minimum severance package to eight weeks, according to a memo from company executives. Insider has been able to dodge many of the financial headwinds from the pandemic that plagued other media businesses. In an interview earlier this year, CEO Henry Blodget said the company hired 130 journalists last year, and did not have to lay anyone off.