EXCLUSIVE: The affect from the double Hollywood strikes continues to be felt. UTA is the newest expertise company to undergo workers reductions over the previous six months. Sources say as a result of a small reorganization of some teams on the company, a small variety of brokers and workers from different teams are being let go. Whereas it comes amid the strike, it’s not immediately due to the strike, as a supply near scenario says it’s as a result of firm’s latest development and growth and a evaluate of organizational wants that has led to the cutbacks.
Insiders say the adjustments affect lower than 1% of brokers and workers and it is a smaller discount than what was beforehand reported in February.
“We’ve made the tough choice to half methods with a small variety of colleagues as a part of making certain our organizational construction displays the evolution of our enterprise. We’re grateful to every of them and want them one of the best,” a UTA spokesperson mentioned in an announcement.
Companies went into cost-cutting mode quickly after the WGA strike began Could 2. Just about all scaled again T&E and different bills, with some proscribing non-essential journey and different spending. Some carried out non permanent wage cuts for his or her senior brokers.
There even have been layoffs, particularly after SAG-AFTRA joined WGA by happening strike in July. CAA, Verve, APA and A3 are among the many businesses which have decreased personnel over the previous few months as income dropped dramatically amid a manufacturing shutdown as a result of strikes. Expertise businesses additionally carried out furloughs and layoffs through the pandemic when movie and TV manufacturing additionally floor to a halt.
The WGA work stoppage ended Sept. 27; the actors stay on strike as SAG-AFTRA’s negotiations with AMPTP proceed.
UTA beforehand underwent layoffs in February of this yr, which had been within the low single digits as a proportion of the corporate’s general workforce. Many of the cuts concerned admin/assist workers however, as Deadline reported, there have been 2-3 brokers per division affected.
