
UTA to Cut Staff Amid Acquisition Spree

United Talent Agency, which had been on an acquisition spree nabbing multiple boutique firms, is undergoing a round of layoffs, the company said Wednesday. The cuts at the Jeremy Zimmer-led agency are said to be impacting a single digit percentage of a workforce that totals 2,000 employees.
“We’ve grown a great deal over the last several years, and as a result decided to make some adjustments,” a UTA spokesperson said. “We’re unfortunately parting ways with a small number of colleagues and are grateful for everything they’ve contributed.”
The agency had underwent layoffs in 2020, which saw a reduction in dozens of staffers, but has since embarked on an expansion. Last year marked a period of growth for the Beverly Hills-based agency, which closed a 125 million deal for strategic advisory firm MediaLink, bought U.K. literary and talent Agency Curtis Brown Group, snapped up data firm Mediahound and secured...
“We’ve grown a great deal over the last several years, and as a result decided to make some adjustments,” a UTA spokesperson said. “We’re unfortunately parting ways with a small number of colleagues and are grateful for everything they’ve contributed.”
The agency had underwent layoffs in 2020, which saw a reduction in dozens of staffers, but has since embarked on an expansion. Last year marked a period of growth for the Beverly Hills-based agency, which closed a 125 million deal for strategic advisory firm MediaLink, bought U.K. literary and talent Agency Curtis Brown Group, snapped up data firm Mediahound and secured...
- 2/8/2023
- by Erik Hayden
- The Hollywood Reporter - Movie News
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