Zimmer’s note said employees would return to full compensation by mid-September.
And knowing how hard everyone continues to work under these unusual circumstances, we’ve decided to continue summer half-day Fridays through September 25.
"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 layoffs are spread across the company. In July, UTA became the first agency to end a bitter stalemate with the Writers Guild of America over the latter’s new franchise agreement, which seeks to end the lucrative practice of packaging. Election Day In America: Hollywood & Millions More Vote As Polls Open Nationwide, Game On: Deadline Covers Election Day In America, Why ‘Cartel’ Author Don Winslow & ‘Avatar’ Sequels Co-Writer Shane Salerno Put Work On Hold To Make Anti-Trump Videos Watched By 100 Million, ‘…Like You Never Voted Before’ Docu Pinpoints Jacob Blake Shooting & NBA Boycott As Flashpoint For Hoops Stars Getting Out Vote, Embracing Their Political Clout, Just In Time For Halloween: Clive Barker’s Back To Raise Hell, Joining HBO Series ‘Hellraiser’ Adaptation With David Gordon Green Directing Early Eps, ‘POTUS 2020: Battleground America’ Podcast: Election Day Edition, Plus Adam McKay On Trump’s Legacy, How To Watch Tonight’s Election Coverage: Nets’ TV Schedules & Lineups, Times, Poll Closings, More, Why Author Don Winslow & Screenwriter Shane Salerno Put Work On Hold To Make Anti-Trump Videos Watched By 100M, Q1 Beats Street But Ad Sales Dip; Lachlan Murdoch On Idea Of A Trump TV Play: “We Love Competition”.
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Tomorrow we’ll hold an All UTA meeting to discuss all this. We have packaged, innovated, dreamed and sometimes simply willed into existence great and unique opportunities for artists across UTA.
UTA began paying reduced salaries on March 23. Hollywood may never look the same after the coronavirus pandemic, but a relic of the old world has been returned to one major Hollywood agency: full paychecks.
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Starting April 5, all VP-level executives will be receiving a 20% cut in salary, senior VPs will see a 25% cut, and executive VPs will see a 30% cut. | Cookie Settings. In addition, we are continuing to follow through on our commitment of meaningful increases in base pay for our assistants and hourly-compensated colleagues, building further on the increases we instituted several weeks ago. We know this has been a difficult time and I’m pleased to share that time is over.
UTA CEO Jeremy Zimmer and co-presidents Jay Sures and David Kramer addressed the staff via video conference on Monday to break the news, two insiders said. I’m told that Zimmer and agency heads Jay Sures and David Kramer will continue to not take salaries through year’s end. “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,” a UTA spokesperson said in a statement. "The understanding and support we've received from our colleagues has been incredibly gratifying, as is their recognition that these difficult steps are intended to ensure the long-term strength and viability of our company," the UTA statement continued. A roundup of uplifting stories about everyday heroes.
Salary reductions were put in place back in March, as the COVID-19 pandemic upended Hollywood. Privacy | We will be sharing more details on that over the next 24 hours.
Jeremy Zimmer, chief executive of United Talent Agency, at the company's Beverly Hills office.
by Our industry is showing increasing signs of recovery and stability. We’ve been able to manage through this period as well as we could have hoped—in great part because of the shared sacrifice you have made these past six months through the pay reductions.
United Talent Agency has implemented a company-wide salary cut, multiple people familiar with the decision told Variety, as Hollywood deals with a near-shutdown in the wake of the coronavirus pandemic. “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,” a UTA spokesperson said in a statement.