the layoffs come as Endeavor faces pressure from the continued COVID-19 shutdowns
WME will begin laying off and issuing furloughs to staffers across the agency next week, with about 20% of the company expected to be impacted.
“WME is reducing its workforce by approximately 20% as a result of COVID-19’s impact on our business. We appreciate the contributions of our former colleagues, and out of respect for their privacy, we will not be commenting on the status of specific employees,” a spokesperson for WME said. “While we are making these difficult decisions now to safeguard our business, we believe in the resilience of our team and our industry.”
The layoffs and furloughs will begin Monday, but the agency began notifying staff on Thursday. Out of the company’s 1,500 employees, approximately 300 people will be impacted, with a limited number of employees expected to be furloughed and placed on reduced work for reduced pay arrangements.
The layoffs will impact staff at all levels and across all departments. The cuts are primarily among executives (non-agents) and support staff, with the majority being in WME’s music department given its reliance on mass gatherings.
WME said two weeks ago that the company would have to implement layoffs, furloughs and pay reductions that it expected would impact one third of the company.
More to come…
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