Hollywood talent agencies are getting into a cost-cutting mode amid a second industry work stoppage in three years. Many have implemented extra scrutiny/cuts in travel and expenses and some are als…
, Gersh and Paradigm are scaling back T&E and other expenses, with some restricting non-essential travel and getting stricter with overtime approvals and other spending. In many cases, film and scripted TV departments, which are most heavily impacted by the strike, are also the ones where the cost-cutting measures are focused on.
“We are among the companies that are making sensible and fair short-term business decisions with the hope that the labor disruption will be resolved quickly and to everyone’s satisfaction,” a rep for APA told Deadline, declining further comment., whose legacy business is film and TV literary, also is said to be eying potential temporary salary reductions that could come after Memorial Day though nothing is formalized. The agency would not comment on the possibility or rumored expense trims.
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