Verve Plots Layoffs Amidst WGA-AMPTP Strike
deadline.comEXCLUSIVE: Verve has told the troops it will conduct a strategic series of employee layoffs as the WGA-AMPTP strike continues.
The layoffs so far pertain mostly to support staff. Agency leaders and agents will also see reduced salaries and expenses as part of the cost-saving measures that are being taken to ensure Verve maintains its position as an independently owned talent agency.
Agency layoffs, which were widespread during the pandemic, have been expected as the percenteries brace for the impact of the strike.
Verve becomes the first to acknowledge it. “The decision to implement employee layoffs was an incredibly difficult one, but it is necessary in the current climate for Verve to remain a strong and effective partner to our colleagues and our clients.
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