In a memo to staff on Wednesday, United Talent Agency CEO Jeremy Zimmer delivered both "positive" and "difficult" news, writing that the agency would be reinstating full pay to its employees in the next two weeks, but would also be laying off 50 staffers.
UTA is the first of the major agencies that cut salaries at the beginning of the pandemic to offer to reinstate full pay. The layoffs will affect both current and some furloughed employees acrossseveraldivisions, at both the assistant and agent level. (The agency will cover the COBRA health insurance payments of that laid off for an indeterminate period of time.) In May, UTA, which employs more than 1,100 individuals, furloughed 171 staffers in Beverly Hills, per a disclosure with the.
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