Other top executives within the company are also taking steep, voluntary pay cuts while continuing to work.
Lower-level employees are currently making no more than 50 percent of their pay, but are maintaining full benefits.
“Currently, our theaters across the globe are closed, and it is uncertain when they will be able to re-open.
Cinemark is the latest company to issue sweeping pay cuts amidst the ongoing situation the entertainment industry finds itself in, given what is happening all around the world right now.