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UTA Makes “Immediate & Painful” Pay Cuts As Coronavirus Hobbles Hollywood
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deadline.comBy Dominic Patten Senior Editor, Legal & TV Critic Battered by the rapidly spreading coronavirus and its economic shutdown fallout, UTA are slashing salaries today to keep staff employed and the lights on. “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” said the Beverly Hills-based uberagency on Monday in a statement.
The corporate remarks followed CEO Jeremy Zimmer addressing agents and other employees via a video hook-up today with David Kramer and Jay Sures. “In addition to aggressive cost-cutting measures, this includes asking our colleagues at every level to take pay reductions, structured
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