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In Depressing Holiday News

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Scoop competitor Intermix is trying to weather the recession by slashing employees' salaries. "In addition to scaling back on staff headcount, the company has cut salaries of all employees (including those in corporate positions) by 18%. In a store meeting last week, Intermix owners Haro and Khajak Keledjian announced that they would not be closing any of the company's over 20 stores. Instead, they will cut back on buying orders and company spending--meaning no annual holiday party this season." [FWD via Racked LA]