Everyone is making sacrifices right now and Anna Wintour is clearly going through it with the rest of us. Except her version of sacrifice is just a tiny bit different. Anna’s struggle includes a lighter paycheck and the horrifying choice to begin rotating (aggressive gag) sweatpants into her wardrobe.
Forbes estimates that 10 million jobs have been lost due to the Coronavirus. But some employers are doing what they can to keep from having to lay off their staff. The New York Post says that Conde Nast, publisher of numerous magazines including Vogue, has decided to tackle the COVID-19 situation with pay cuts and reduced work hours. Conde Nast CEO Roger Lynch announced yesterday that he’s taking a 50% pay cut in an attempt to keep the company afloat, as well as all Conde Nast board members. A “temporary” pay cut will affect 10 to 20 percent of employees, but only those making $100,000 a year or more. It will go into effect May 1st, and will last until September. Some positions will move from a 5-day work week to a 3 or 4-day work week. But there will be an undisclosed number of layoffs made within Conde Nast at the beginning of May, although Roger argues that layoffs will be a “last option.”
Anna Wintour – who reportedly (as of 2017) takes home a salary of $2 million a year as the editor of Vogue – is included in the group of people who will take a temporary pay cut. Her salary will be decreased by 20%. Will she survive!? Hopefully that helmet of hair on her head will cushion the blow when she inevitably faints from shock after seeing her first coronavirus pay stub.
The reason for the pay cuts comes down to advertisers not spending as much at the moment. And that’s because people are too busy shopping for essentials like flour, eggs, and wine, to worry about shopping for the latest handbag from Gucci. Even Anna has totally given up and lost all faith in fashion at the moment. At least that’s what her latest post on Instagram has led me to believe. Earlier today, Anna reposted a little bit of a letter from Vogue.com about the future of fashion in a post-COVID-19 world.
View this post on Instagram
“But for all the damage we’ve seen, it is also clear that there is opportunity as well. Everyone we were speaking to seemed to agree: that fashion needs to change. That when we come back from this crisis—which we will—we should come back with purpose: stronger and more thoughtful and more sustainable in what we do. … Fashion is too often criticized for being elitist. We know better: that this community is about all of us, that it, and the retail industry, employ millions, up and down the economic scale.” (Source-Vogue.com✔️) . . #annawintour
It was last year that we learned, from Anna Wintour herself, that she loves flip-flops. And now she’s in sweatpants, something she once claimed she’d never do. They say this COVID-19 situation has people revealing who they truly are, and they’re not kidding. I honestly thought Anna Wintour’s version of at-home self-isolation slumming it would be slipping in to some Saint Laurent leather shorts with a contrasting rope belt. And yet, here we are – with Anna Wintour in the People’s Pant. And in a social media post preaching fashion change? None of us should be surprised with Anna released the September issue with Gigi Hadid wearing one of those t-shirts with a bikini on it.