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Assistants Laid Off, Expense Accounts Frozen, Pay Delayed as Coronavirus Disrupts Agencies

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variety.com
variety.comvariety.com:

For Hollywood’s biggest talent agencies, working from home has been the least of tough adjustments in the stunning fallout from the coronavirus pandemic.

Revenue streams at the companies have suddenly dried up as show business has shut down. From major players CAA, WME, UTA, ICM Partners and Paradigm, to boutique dealmakers like Management 360, economic hardship, staff cuts, and a complete shock to corporate culture have come almost immediately as a nation becomes homebound in the effort to slow the spread of the COVID-19 virus.

The bad news began on Friday when roughly 100 staffers were laid off at Paradigm, with more expected in the coming days at the agency (and across town), according to insiders.

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