Employees at the Hollywood talent agency UTA (United Talent Agency) will be taking pay cuts during the current health crisis that is facing the world.
UTA CEO Jeremy Zimmer and co-presidents Jay Sures and David Kramer have announced that they will forgo their salaries for the rest of the year in order to lessen the burden on the rest of the staff, according to Variety.
The decision to do pay cuts for the full company was done so that they wouldn’t have to do layoffs. “Like companies across the industry and our country, UTA is taking some immediate and painful steps to ensure we get through the current public health and economic crisis as strong as possible,” a UTA spokesperson said in a statement. “In addition to aggressive cost-cutting
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