CAA To Undergo Layoffs Across Multiple Departments
deadline.comEXCLUSIVE: Creative Artists Agency will be instituting staff reductions, Deadline has learned. The round of layoffs, expected early next week, will impact about 60 people across a number of divisions, I hear.
That is a fraction of the agency’s global headcount, which is in the thousands. According to sources, the trims are the result of a long process of examining optimal staff levels for each department that started months ago, before the WGA went on strike May 2.
Still, the decisions were likely informed by the ongoing writer and actor work stoppages, which have had a serious impact on talent agencies and management companies.
The layoffs come a month and a half after the one-year anniversary of the CAA acquisition of ICM Partners. There had been a lot of anxiety in the months leading to the anniversary as the junior, non-partner ICM agents had been given one-year CAA contracts at the time of the merger.
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