United Expertise Company is present process one other spherical of layoffs, The Hollywood Reporter has confirmed.
Though it’s unclear what number of staffers have been let go, the most recent cuts ought to influence lower than one p.c of UTA‘s brokers and workers, a supply tells THR.
“We’ve made the tough determination to half methods with a small variety of colleagues as a part of making certain our organizational construction displays the evolution of our enterprise,” a UTA spokesperson mentioned. “We’re grateful to every of them and need them the perfect.”
The layoffs come amid the continued SAG-AFTRA strike and the not too long ago concluded WGA strike, however, the supply provides, will not be straight due to the strikes. The departures are mentioned to mirror the Jeremy Zimmer-led firm’s current development and enlargement and evaluation of organizational wants.
In February, UTA instituted a single-digit proportion lower of its workforce that then totaled 2,000 workers. The staffing modifications have come regardless of the corporate occurring an aggressive acquisition spree lately, closing a $125 million deal for strategic advisory agency MediaLink, shopping for U.Ok. literary and expertise Company Curtis Brown Group, snapping up knowledge agency Mediahound and securing capital from non-public fairness agency EQT. In January, UTA added the literary company Fletcher & Firm to its belongings.
A number of expertise companies have lower workers amid the Hollywood guilds’ contract dispute with the Alliance of Movement Image and Tv Producers, which bargains on behalf of studios. In August, CAA laid off about sixty workers, together with brokers, executives and assist workers.