I’ve confirmed this, and gotten this statement, per a spokesman:
“In this time of tremendous uncertainty for individuals, businesses, governments and communities, it is incumbent upon us to look closely at what measures help ensure CAA always 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.
It was expected that the agency would have to do something. Like all segments of Hollywood that rely on the communal experience and revenue from live events, CAA
Never thought I would ever say this to CAA but Respect.
Wow
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