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Most yeshivas and probably day schools too run on a deficit which they make up with fundraising. They also pay very little and even that they don’t always pay on time. Cutting salaries will result in staff loss resulting in larger classroom size i.e more pupils per class and or a dirtier school. Parents will remove their children and the school will cease to exist.
The school needs to charge full price and hope for the best, that most parents will pay. Even in the best of times some parent are behind in payments and now that there is a pandemic even more of them will be behind. They may have a scholarship fund which helps parents who can’t fully pay the tuition but because of the lock down there are too many parents applying.
As far as cutting the salary, most schools have contracts which states how much they are going to pay each employee so they can’t do that. Also since they are paid so little they may not be able to find qualified replacements.