Matt Donnelly Senior Film WriterCAA is about to implement significant layoffs and furloughs this week that will amount to as much as a double-digit reduction in the workforce at the Hollywood talent agency powerhouse, insiders tell Variety.Cuts are believed to be coming across the board, with about 90 agents and executives staff facing pink slips and 275 support staffers facing furloughs in numerous departments at the agency and across offices in Los Angeles, Nashville, New York and London.
CAA called the cuts “an unprecedented and painful moment” for the agency and said the decision was the result of cost-cutting moves spurred by pandemic-induced disruptions in entertainment.“CAA began working remotely earlier this year due to the.
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