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Mike Fleming-Junior
Ari Emanuel
Patrick Whitesell
Mark Shapiro
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Mike Fleming-Junior
Ari Emanuel
Patrick Whitesell
Mark Shapiro
Endeavor Making Wide Pay Cuts This Week, Avoid Layoffs For Now
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deadline.com
deadline.comBy Mike Fleming Jr Co-Editor-in-Chief, Film Endeavor chiefs are telling staff today that there were will be companywide pay cuts ranging from 0-30% that will occur in the coming weeks, Deadline has confirmed.
This is similar to a strategy adopted by Disney and other companies, to avoid mass layoffs during a pandemic that has brought world commerce to a screeching halt.
Every company will see this except for UFC, because the latter is now wholly owned by Endeavor. Endeavor president Mark Shapiro will take a 50% pay cut, this after chiefs Ari Emanuel and Patrick Whitesell informed staff last week they will go without salary the rest of this year, in a note that foreshadowed these cuts.
Read more on deadline.com
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