The Century City-based firm had been the last of the major talent firms to undergo staff cuts. Since tours came off the road in March and most festivals were postponed, coupled with the shut down of film and TV production in Hollywood, the industry's representation business has taken a financial hit.
On Tuesday, CAA became the latest major agency to disclose plans for layoffs and furloughs amid the novel coronavirus pandemic. "Effective this week, approximately 90 agents and executives from departments across the agency will be leaving.
In addition, we are furloughing approximately 275 assistants and other staff. The company will continue to fully pay the health plan premiums for those being furloughed," a CAA spokesperson said.
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