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Mike Fleming-Junior
Sam Gores To Paradigm Staff: $1.1M Fund For Laid Off Employees, New Interim Funding Secured & No Salary For Gores Through 2020
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deadline.com
deadline.comBy Mike Fleming Jr Co-Editor-in-Chief, Film EXCLUSIVE: It has been a rough couple of weeks for Paradigm since chairman/CEO Sam Gores initiated “temporary layoffs” of up to 200 staffers in the wake of the Hollywood shutdown by the coronavirus pandemic, followed by a salacious lawsuit against the agency by vet agent Debbee Klein, who was among those laid off.
Tonight, Gores sent an internal email that sought to reassure remaining staff about what the future held for the agency. Among the proclamations was that Gores set up an undisclosed amount of “interim financing” to keep the agency afloat for the foreseeable future, set a $1.1 million fund to help those employees on temporary layoff and extended their health coverage through June.
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