CAA Braces for Layoffs and Furloughs of More Than 350 Staffers – Variety
CAA is about to implement significant layoffs and furloughs this week that will amount to as much as a double-digit reduction in the workforce at the Hollywood talent agency, insiders tell Variety.
Cuts are believed to be coming across the board, with about 90 agents and executives on staff facing pink slips and 275 support staffers facing furloughs in numerous departments at the agency and across offices in Los Angeles, Nashville, New York and London. CAA called the cuts “an unprecedented and painful moment” for the agency and said the decision was the result of cost-cutting moves spurred by pandemic-induced disruptions in entertainment.
“CAA began working remotely earlier this year due to the pandemic. Everyone at the company participated in reducing compensation with the ho...