Southgate, on an annual salary of £3m, is comfortably one of the Football Association’s highest earners.
England Women’s manager Phil Neville and FA Chief Executive Mark Bullingham have all agreed to reduce their salaries for the time being.
The FA have been starved of revenue after matches which were scheduled to be played at Wembley were postponed because of Covid-19.
In a statement released by Bullingham, he acknowledged that the FA have had to resort to these stringent measures as the coronavirus pandemic have hit them hard.
“We’ve taken an immediate and significant financial impact due to the postponement of England internationals, FA Cup matches and Wembley events and there is no clear timescale on when they will return,” Bullingham said.
“The total financial impact is forecast to be around £100m but it could easily exceed £150m depending on the duration of the government’s necessary medical measures.
“We are proposing all employees earning £50,000 or more per annum will take a temporary pay reduction of 7.5%. In the spirit of those on higher salaries taking the greater responsibility, the senior management team have agreed to cut their pay by 15%, with the highest earners in the organisation agreeing to reduce their pay by up to 30%.”
Southgate has been in charge of the Three Lions since September 2016, leading them to their first FIFA World Cup semi-final appearance since 1990 in Russia two years ago.
