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 …
“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 so our most senior colleagues make the largest financial sacrifice,” the statement added, as the top brass like Zimmer, Kramer and Sures cut their own pay to zero for the rest of what looks to be an economically rocky 2020 and beyond if necassary.
In addition to the pulling of the pay plug for the top guys, partners are taking cuts of 35 to 50% in their base salary. With no layoffs, the plan over on Civic Center Drive is to graduate the cuts in relation to income with the lowest paid staffers being effected the least. How long this latest move is the status quo for the more than 1100 people that work at UTA is unknown as the consequences of the pandemic spiral and confirmed cases rise domestically and worldwide. Like many companies, UTA is a mix of at-will employees and full-time staff under contract – with each category having rules of their own in such circumstances, even in extremities like the COVID-19 situation.
The specifics aside, the fact is all production has ground to a halt over the past two weeks and media hubs like L.A., NYC, Toronto and London in various forms of lockdown. Which means businesses that provide major revenue streams for agencies like UTA,
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Coronavirus Makes Dating a Lot More ComplicatedSingles looking for a connection are mostly making do with apps and video dates, but technology has its limits. Physical chemistry? ‘You can’t get that at all.’
続きを読む »
Trump cancels G7 at Camp David and makes it a teleconference due to coronavirusPresident Donald Trump made a gathering of world leaders at the Group of 7 summit a video teleconference and canceled plans to hold the June meeting in person at Camp David due to the coronavirus pandemic, White House deputy press secretary Judd Deere said Thursday.
続きを読む »
Hannah Brown Makes a Comment About Tyler Cameron's Package SizeLooks like Hannah Brown is feeling a little fun and flirty with Tyler Cameron... read what she said here!
続きを読む »
This Austin Runner Makes Deliveries to Neighbors in NeedUltrarunner CC Rowe puts her mileage to use by delivering items to those in need during her daily runs.
続きを読む »
Prince George Makes Kate Middleton The Cutest Mother's Day CardHis work of art definitely belongs on the Kensington Palace fridge.
続きを読む »