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LifeWay announces budget cuts and staff reductions amid COVID-19

from Baptist Press

LifeWay announces budget cuts and staff reductions amid COVID-19 Baptist Press In response to a sudden and steep decline in revenue and amid uncertainty over the near future, LifeWay Christian Resources announced plans for budget cuts of $25-30 million — approximately 10 percent of its budget — including spending freezes and staff layoffs. LifeWay CEO Ben Mandrell said the cuts were necessary because of the onset of an economic crisis prompted by the COVID-19 pandemic. READ MORE

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