United Talent Agency is undergoing another round of layoffs, The Music news has confirmed.
Although it is unclear how many staffers have been let go, the latest cuts should impact less than one percent of UTA‘s agents and employees, a source tells THR.
“We’ve made the difficult decision to part ways with a small number of colleagues as part of ensuring our organizational structure reflects the evolution of our business,” a UTA spokesperson said. “We are grateful to each of them and wish them the best.”
The layoffs come amid the ongoing SAG-AFTRA strike and the recently concluded WGA strike, but, the source adds, are not directly because of the strikes. The departures are said to reflect the Jeremy Zimmer-led company’s recent growth and expansion and review of organizational needs.
In February, UTA instituted a single-digit percentage cut of its workforce that then totaled 2,000 employees. The staffing changes have come despite the company going on an aggressive acquisition spree in recent years, closing a $125 million deal for strategic advisory firm MediaLink, buying U.K. literary and talent Agency Curtis Brown Group, snapping up data firm Mediahound and securing capital from private equity firm EQT. In January, UTA added the literary agency Fletcher & Company to its assets.
Several talent agencies have cut staff amid the Hollywood guilds’ contract dispute with the Alliance of Motion Picture and Television Producers, which bargains on behalf of studios. In August, CAA laid off about sixty employees, including agents, executives and support staff.