Endeavor Plans Layoffs, Furloughs and Pay Cuts for One-Third of Employees
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hollywoodreporter.comAs all of Hollywood continues to struggle to survive the closures caused by the coronavirus pandemic, Endeavor is gearing up for lay offs, furloughs and pay cuts across all divisions and company holdings.
The cuts, which have already begun in some businesses, will affect up to one-third of the company, which staffs 7,500 people worldwide, and will take place through May.
They will affect every division of Endeavor and its holdings, including talent agency WME, Professional Bull Riders and modeling agency IMG. "The long-term prospects for Endeavor remain unchanged, but like other companies, we are taking a variety of actions to mitigate the impact of this pandemic.
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