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downsizing

The Tonight Show Lays Off 20, Slashes Jay Leno’s Pay

THE TONIGHT SHOW WITH JAY LENO -- Episode 4188 -- Pictured: (l-r) First Lady Michelle Obama during an interview with host Jay Leno on January 31, 2012 -- Photo by: Stacie McChesney/NBC

Despite regularly dominating late night — and landing its third Michelle Obama appearance — The Tonight Show has just lost 20 staffers, and would have lost many more had host Jay Leno not taken a "tremendous" pay cut, reports Deadline. Leno was making somewhere in the neighborhood of $30 million, according to The Hollywood Reporter, which credits the downsizing Comcast's desire to squeeze quick dividends out of its multibillion-dollar acquisition. As one NBC insider told Nikki Finke, "I don’t think ad sales are off. I just think the people who bought this company, Comcast, want to go through everything at NBC and get their money back."

Photo: Stacie McChesney/NBC