Creative Artists Agency is enacting pay cuts across the entire company as the coronavirus pandemic continues to wreak havoc across Hollywood and the global economy,The last domino to fall among the major agencies, the cuts are on progressive basis affecting the highest-paid, a spokesperson said. Agency leaders Richard Lovett, Bryan Lourd and Kevin Huvane will forgo compensation entirely, for the time being.
“In this time of tremendous uncertainty for individuals, businesses, governments and communities, it is incumbent upon us to look closely at what measures help ensurealways remains the strongest company for our employees and clients. Making cost reduction decisions is always a thoughtful and deliberate process for us, never more so than under these extraordinary circumstances,” a CAA spokesperson said in a statement.
“We are implementing, among other actions, a reduction in pay among employees across all levels of the agency, with our highest compensated colleagues shouldering a greater responsibility. We deeply appreciate not only the understanding that employees across the company have demonstrated since this unprecedented global crisis began, but also the remarkable support and compassion colleagues have shown one another, clients, and many in the community in need,” the statement concluded.
While assistant-level employees will see a reduction in paid hours, recent pay increases for assistants will stay in effect. Raises were installed in the weeks following the #PayUpHollywood movement, which demanded better compensation and working conditions for support staff across the industry.
I’m not sure this is totally accurate. I’m a partner at CAA and I was specifically told that only my assistants’ pay would be cut.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China releases its official timeline of coronavirus pandemic through state news agencyChina's state-run Xinhua news agency has released its official timeline of the coronavirus pandemic. It makes no mention of international criticism of the country's secrecy around the first cases of the virus, nor their official response. 1 like = prayer for my sister who just tested POSITIVE 😭😭😭 china can poison their citizen with fake news. The world knows what china did. Grazie china for chinaVirus. 🔥🇨🇳🔥.
Source: CNN - 🏆 4. / 95 Read more »
4 Of 5 Workers Are Affected By COVID-19 Worldwide, U.N. Agency SaysThe COVID-19 pandemic is taking a terrible toll on the world's economy, with lockdown measures now affecting the livelihood of almost 2.7 billion workers, according to a new report.
Source: NPRHealth - 🏆 144. / 63 Read more »
Trump slams 'China-centric' WHO, says agency 'called every shot wrong' in coronavirus pandemicPresident Trump slammed the World Health Organization (WHO) for its 'China-centric' views Tuesday, adding that the global health agency's projections and pronouncements about the coronavirus pandemic has been routinely wrong. Wait. I thought Fox News was off Twitter. It was a so much nicer place without the original fake news. Set our people free! The young Cortez needs to be quiet. She has no idea of what healthcare providers are going through. Sue needs to stop!
Source: FoxNews - 🏆 9. / 87 Read more »
Oman Sultan pardons 599 prisoners, including 336 foreigners: Oman News AgencyThe Sultan of Oman, Haitham bin Tariq al-Said, has pardoned 599 prisoners jailed for various offenses, including 336 foreigners, the state-run Oman News Agency said on Twitter on Wednesday. When will Pakistan free our prisoners on humanitarian grounds? If a state has laws to DISCRIMINATE against, TORTURE, KILL or DEPORT a citizen for publicly converting to Christianity from Islam 1. Is it officially Christianityophobic 2. Is it officially IslamicSupremacist Maze to inke hi hain.
Source: Reuters - 🏆 2. / 97 Read more »
CAA Institutes Temporary Pay Reductions Up To 50%; Richard Lovett, Bryan Lourd Kevin Huvane Forgo Salary For The YearEXCLUSIVE: CAA has announced its plans to weather the coronavirus pandemic that brought Hollywood to a screeching halt. The agency announced this to staff this morning. The broad strokes: no layoff… Wow Never thought I would ever say this to CAA but Respect.
Source: DEADLINE - 🏆 109. / 63 Read more »