As 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.
Endeavor had an initial round of layoffs in late March that impacted about 250 staffers that worked at positions that could not transition to remote roles. At the time, in a companywide memo, CEO Ariel Emanuel said that"additional measures" would take place that would affect both pay and employment. Emanuel and executive chairman Patrick Whitesell have forgone the remainder of their 2020 salaries.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Endeavor Plans Layoffs, Furloughs and Pay Cuts for One-Third of EmployeesEndeavor is gearing up for lay offs, furloughs and pay cuts across all divisions and company holdings
Read more »
Nearly 800 COVID-19 deaths in Georgia as governor plans to reopen businessesGeorgia is reporting nearly 20,000 confirmed coronavirus cases and 800 deaths — days ahead of Gov. Kemp's planned reopening of many of the state's businesses.
Read more »
Here's where Georgia, South Carolina and Tennessee stand on plans to reopenThree states in the southeastern US led by Republican governors -- Georgia, South Carolina and Tennessee -- are loosening coronavirus-related restrictions in the coming days to try to restart flailing economies.
Read more »
Marriott plans to spray disinfectant in guest rooms, sanitize keys to stop COVID-19Guests may notice some changes from the moment they step into a Marriott property: Furniture in public areas will be rearranged to promote social distancing.
Read more »
Coronavirus hits migrant hostel as Greece plans to ease lockdownDozens of migrants in a hostel in southern Greece tested positive for the coronavirus on Tuesday as the government set a date to start a gradual easing of a lockdown.
Read more »
JPMorgan Chase plans to return employees to work in phases: memoJPMorgan Chase & Co , the largest U.S. lender, said on Tuesday it was working on a plan to bring thousands of employees who have been working from home for more than five weeks back onsite in stages, according to an internal memo seen by Reuters.
Read more »