United Talent Agency CEO Jeremy Zimmer told staff on Wednesday of impending increases in pay for hourly employees.
In a memo to staff on Wednesday, United Talent Agency CEO Jeremy Zimmer delivered both"positive" and"difficult" news, writing that the agency would be reinstating full pay to its employees in the next two weeks, but would also be laying off 50 staffers.
In May, UTA, which employs over 1100 individuals, furloughed 171 staffers in Beverly Hills, per a disclosure with the California Employment Development Department. In the memo, Zimmer writes,"As for our other furloughed colleagues, we are not able to reinstate them at this time." All of the major talent agencies have been affected by the pandemic, with layoffs and salary reductions happening across the industry. In May, WME said it will lay off or furlough 20 percent of its workforce, while in early March, Endeavor laid off 250 staffers in non-essential areas. In July, CAA announced staff education with a spokesperson saying at the time, "Approximately 90 agents and executives from departments across the agency will be leaving.
Even with these positive developments, we have some sobering news. Our business is recovering, but the need remains to take a hard and honest look at the size and makeup of UTA—and make decisions that reflect what our business requires not just short term but for the foreseeable future. For that reason, today we are implementing a staff reduction that will affect about 50 of our colleagues. It’s always a difficult decision to make.
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