Endeavor is gearing up for lay offs, furloughs and pay cuts across all divisions and company holdings
As all of Hollywood continues to struggle to survive the closures caused by the coronavirus pandemic, .
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, UFC, 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.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Georgia governor to reopen some businesses as early as Friday as other states signal similar plansGeorgia Republican Gov. Brian Kemp announced Monday that certain businesses can reopen this week in a move that breaks from the majority of state leaders and defies the warnings of many public health officials.
Read more »
Nintendo plans to produce 22 million Switch devices to address supply shortages - Business InsiderNintendo is increasing production of its popular Switch console to keep up with the surge in demand.
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 »
Ask Polly: I Love My Friends, But I Hate Making Plans to See Them!“I love my friends. My secret is: I never want to see them. Should I just accept that I’m an a**hole?”
Read more »
House Plans To Vote This Week On Senate's New Relief MeasureThe Senate approved a bill to add roughly $484 billion in new funds to bolster the already record-breaking coronavirus response legislation. Senators passed the measure by unanimous consent Tuesday.
Read more »
'Better Call Saul' creator breaks down season 5 finale, Kim and Lalo's bold plans'Better Call Saul' co-creator Peter Gould weighs in on the big moves of the season 5 finale for Kim, Jimmy, Lalo, and Nacho.
Read more »