EXCLUSIVE: Rumors have been going around that Paradigm made a significant cut in its ranks Friday, but here is the truth according to high level insiders. Sources said that the agency on Friday let…
: Rumors have been going around that Paradigm made a significant cut in its ranks Friday, but here is the truth according to high level insiders. Sources said that the agency on Friday let go around 30, about half of those lower level agents and the rest support staff. Most of the staff cuts came in the music area where Paradigm has continued to rapidly expand in recent years.
This isn’t about attrition from the long standoff with the WGA over packaging, or readying for some kind of sale or merger. According to sources, the agency added about 120 staffers over the last year. The layoffs are in the name of efficiency, which is better for growth, said the insider. The agency has been ensconced in the Wilshire Blvd space once occupied by ICM and it has been building out that space.
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