To clarify, this is the best offer she could negotiate to reprise her role for Bayonetta 3. If you're wondering about how much that is for this kind of job, it's pretty much a disrespectful offer.
Hellena Taylor, Bayonetta's original voice actress, explained on a 3 part thread on her twitter account why she's not back as Bayonetta. Among other things, she opens up by saying that Nintendo only offered her up $4000 USD (presumably, before tax). She's also asking people to instead of spending $60 on the game, go and donate it to charity instead (just putting into text what she's saying here). I'll keep updating. For now, the videos are below
"Bayonetta franchise made aprox $450M. That's not including merch. As an actor, I have trained for seven and a half years. Three years in the London Academy of Music and Dramatic Art and four and a half years in Los Angeles"
"What did Nintendo think this was worth? The offered to pay me the final offer to do the whole game as a buyout for 4000 thousand US dollars. This is an insult to me and everything I've given to this game and to the fans"
"I'm asking the fans to boycott this game and instead use the money you were going to spend on this game donating it to charity"
"I was just asking for a decent and dignify living-wage. What they did was lega, but it was immoral"
"Boycotting is a personal choice, and if you don't, that's fine."
"I decided to stand up for all the people who don't get paid enough for their talents"
"This affected me and made me think I was going to be on the streets, which affected me mentally"
"Bayonetta always stands up for those with less power and for what is right. And with this, you stand with her. Thank you"
"I auditioned for the role and passed with flying colours. They then sent me an insulting offer so I thought and did write to Hideki Kamiya, and I went and ask him for what I'm worth. A friend wrote in Japanese to him and I got a reply where he said he values me greatly, my contributions to the game and that the fans really want me to voice it over. Then I received a better offer: $4000."
"Platinum said that I was very, that I had a tough schedule... I actually had nothing but time. I wish the new actress all the best luck in the World, but she's not the voice of Bayonetta. I created that voice. She has no right to sign merchandise as Bayonetta, anymore than I have the right to sign as Eva Green even though I was her parrott in the video game The Golden Campus."