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Talent Agency UTA to Cut Salaries Due to Health Crisis, Company Leaders Will Forgo Salaries

Talent Agency UTA to Cut Salaries Due to Health Crisis, Company Leaders Will Forgo Salaries

Employees at the Hollywood talent agency UTA (United Talent Agency) will be taking pay cuts during the current health crisis that is facing the world.

UTA CEO Jeremy Zimmer and co-presidents Jay Sures and David Kramer have announced that they will forgo their salaries for the rest of the year in order to lessen the burden on the rest of the staff, according to Variety.

The decision to do pay cuts for the full company was done so that they wouldn’t have to do layoffs.

“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. “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 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. While we do not know what the future holds, we are committed to being candid and transparent about where things stand as we navigate these uncharted waters together.”

Clients of UTA include Sam Heughan, Timothee Chalamet, Kate Beckinsale, Cynthia Erivo, Chris Pratt, and Evangeline Lilly.

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Photos: UTA
Posted to: Coronavirus

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