Barstool Sports is the latest digital media company to undergo layoffs.
10.08.2023 - 21:45 / deadline.com
EXCLUSIVE: Creative Artists Agency will be instituting staff reductions, Deadline has learned. The round of layoffs, expected early next week, will impact about 60 people across a number of divisions, I hear. That is a fraction of the agency’s global headcount, which is in the thousands.
According to sources, the trims are the result of a long process of examining optimal staff levels for each department that started months ago, before the WGA went on strike May 2. Still, the decisions were likely informed by the ongoing writer and actor work stoppages, which have had a serious impact on talent agencies and management companies.
The layoffs come a month and a half after the one-year anniversary of the CAA acquisition of ICM Partners. There had been a lot of anxiety in the months leading to the anniversary as the junior, non-partner ICM agents had been given one-year CAA contracts at the time of the merger. According to sources, the cuts are not related to that, and former ICM agents were not targeted more than their CAA-proper colleagues.
Also not factoring into the staff reduction process is CAA’s potential sale to French billionaire Francois-Henri Pinault, who reportedly has been in talks to buy a majority stake in the talent agency for $7 billion, though any step to strengthen a company’s balance sheet automatically makes it more attractive to buyers.
The top Hollywood talent agencies, which are all diversified beyond film and TV representation with sports, music/touring, book and other departments not affected by the strikes, had not undergone layoffs related to the work stoppages 101 days into the WGA strike and a month into the SAG-AFTRA one.
Barstool Sports is the latest digital media company to undergo layoffs.
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UPDATED, reflecting latest details about cuts: Another talent agency is having to trim personnel.
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McKinley Franklin editor Florence Welch revealed she had to undergo life-saving emergency surgery after canceling several concerts six days earlier. In a statement posted to Instagram on Sunday, Welch explained that she didn’t “really feel strong enough” to tell fans about her medical condition that led to the past few Florence + the Machine shows being canceled, including performances at the Zurich Openair and Rock en Seine festivals. “I’m so sorry that I had to cancel the last couple of shows,” she wrote.
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Blac Chyna is continuing on her health and wellness journey as she takes another step toward fully dissolving her facial fillers. On Monday, the 35-year-old model, whose real name is Angela White, shared a video posted to Instagram of her recent trip to Allure Laser Beauty & Wellness Spa in North Hollywood, California. On her Instagram Story, White thanks the certified physician assistant, Armita Amini — shown dissolving her fillers in the video — and explains that she regularly gets her treatments done at the spa.
Angelique Jackson Chilean filmmaker Felipe Gálvez, whose debut feature “The Settlers” premiered at this year’s Cannes Film Festival, has signed with CAA for representation. Set in 1901, “The Settlers” centers on Segundo, a mixed-race Chilean, who rides south on an expedition led by a former Boer War English captain and an American mercenary to fence off land granted to Spanish landowner José Menéndez. Their mission soon turns into a “civilizing” raid.
Andy Taylor of Duran Duran fame has been battling cancer since 2018, but thanks to a new treatment, he has some hopeful news to share. Nearly a year ago, Taylor missed the band's induction to the Rock & Roll Hall of Fame due to his failing health, and in his place he sent a letter explaining his diagnosis and how proud he was to have been able to survive long enough to see the accomplishment.
UPDATE 2:30 PM: CAA has finished notifying staffers affected by today’s layoffs, Deadline has learned. The total number is said to be about 60, in line with what Deadline reported yesterday. The departments impacted include TV Lit, music and IT. There has been a lot of chatter about layoffs in talent that remain unconfirmed.