A3 Lays Off Assistants As Agencies Brace For New Round Of Cost Cutting Amid Two Hollywood Strikes
deadline.comEXCLUSIVE: A3 on Friday laid off 10 people, seven assistants and three coordinators. It is the first major round of layoffs in the Hollywood representation business since the start of the SAG-AFTRA strike but won’t be the last.
With Hollywood production grinding to a halt as actors joined writers in walking out after talks with studios fell through, talent agencies and management companies are mulling new staff cuts, especially those companies that rely heavily on film and scripted TV revenue.
Agencies went into cost-cutting mode soon after the WGA strike started May 2. Lit-focused Verve laid off agents and support staff.
APA laid off some assistants, and virtually all agencies scaled back T&E and other expenses, with some restricting non-essential travel and other spending.
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