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In addition, the corporation, which owns NBCUniversal, has pledged $500 million to help its employees during the outbreak. In an email to drivers, Lyft co-founders John Zimmer and Logan Green said they would donate their salaries through June to support drivers during the coronavirus pandemic. Tomorrow we’ll hold an All UTA meeting to discuss all this. It’s always a difficult decision to make. UTA began paying reduced salaries on March 23. Zimmer also teased the news that hourly employees — namely assistants — will be seeing “meaningful” increases in base pay. 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EMAIL ME. Tomorrow we’ll hold an All UTA meeting to discuss all this. It’s always a difficult decision to make. Or a tip on how your town or community is handling the pandemic? We will be sharing more details on that over the next 24 hours. Facebook Twitter Google+ LinkedIn StumbleUpon Pinterest Reddit. UTA CEO Jeremy Zimmer and co-presidents David Kramer and Jay Sures have instituted companywide pay cuts to weather the coronavirus pandemic -- starting with themselves. Even with these positive developments, we have some sobering news. Additionally, Zimmer, Sures … Staffers were told of the move in a video conference call with UTA CEO Jeremy Zimmer and co-presidents Jay Sures and David Kramer. As Business Insider previously reported, Disney has shaken up its digital strategy amid the pandemic, releasing its "Frozen 2" animated movie on the Disney Plus platform months ahead of schedule. “In addition to aggressive cost-cutting measures, this includes asking our colleagues at every level to take pay reductions, structured so our most senior colleagues make the largest financial sacrifice. As reported by the Los Angeles Times, the five top executives from Comcast Corporation, including Chairman and CEO Brian Roberts, will donate their salaries to COVID-19 relief amid the coronavirus pandemic. The successes we continue to achieve for clients are truly amazing. While we do not know what the future holds, we are committed to being candid and transparent about where things stand as we navigate these uncharted waters together.”. Copyright © 2020 Penske Business Media, LLC. In 2018, Louisiana Business First reported that Taylor made $1.3 million, which included his base salary of $525,000. For the latest news, follow us on Facebook, Twitter, and Instagram. In addition, Culp will give up his full salary for the remainder of 2020. The trio will forgo the remainder of their 2020 pay from now through the end of the year, and the rest of the staff will see proportionate reductions to their salary, with higher earners taking larger cuts. Hollywood may never look the same after the coronavirus pandemic, but a relic of the old world has been returned to one major Hollywood agency: full paychecks. Zimmer, Sures and Kramer will forgo salaries for the rest of the year, and the entire agency will see cuts based on income brackets, added sources. A Comic Featuring the Super Hero’s Debut Could Fetch $1 Million at Auction, Biden Ads Flood the NFL Zone as Campaign Outspends Trump Across Sports, How to Enjoy Christmas on a Budget – Affordable Gifts, Decorations & Shopping Hacks. We know this has been a difficult time and I’m pleased to share that time is over. "The understanding and support we've received from our colleagues has been incredibly gratifying, as is their recognition that these difficult steps are intended to ensure the long-term strength and viability of our company," the UTA statement continued. The company's co-founders, Joe Gebbia and Nathan Blecharczyk, have also forfeited their salaries for 2020. Parts of our business have remained steady despite the impact of COVID-19 and, in some areas, we’ve performed stronger than expected. First, the good news. Read Next: ‘Two by Two: Overboard’ Maintains Lead at U.K. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider The spirit of collaboration and teamwork is everywhere. While our overtime restrictions remain in effect, we will continue to review those policies too. On March 13, Delta Air Lines CEO Ed Bastian sent out a memo to all Delta employees updating them on how COVID-19 is impacting the company and the steps being taken to "protect the financial position of the company.". He also announced in the memo that he would be giving up 100% of his salary for the next six months. Although there are still uncertain times ahead, I am grateful for all we have accomplished together to bring us to this point. In a memo released on March 16, Alaska Air Group — the parent company of Alaska Airlines — laid out an update on its financial and operational outlook amid the pandemic. Zimmer, Sures and Kramer will forgo salaries for the rest of the year, and the entire agency will see cuts based on income brackets, added sources. And knowing how hard everyone continues to work under these unusual circumstances, we’ve decided to continue summer half-day Fridays through September 25. The spirit of collaboration and teamwork is everywhere. We have packaged, innovated, dreamed and sometimes simply willed into existence great and unique opportunities for artists across UTA. "In addition to aggressive cost-cutting measures, this includes asking our colleagues at every level to take pay reductions, structured so our most senior colleagues make the largest financial sacrifice.". UTA began paying reduced salaries on March 23. Numerous agencies slashed pay as a cost-cutting measure, in addition to layoffs and furloughs. I have some very positive updates to share for most of our colleagues, as well as some additional news unfolding today that is more difficult. © 2020 The Hollywood Reporter As for our other furloughed colleagues, we are not able to reinstate them at this time and, given the continued uncertainty, we can’t yet set any expectations about when that might happen. UTA CEO Jeremy Zimmer and co-presidents Jay Sures and David Kramer addressed the staff via video conference on Monday to break the news, two insiders said. Backs BFI, Film and TV Charity Fund to Support Creatives During Coronavirus, How Coronavirus Is Affecting Entertainment: All the Major Delays and Cancellations, Coronavirus Live Updates: France Shuts Down Stores, Trump Expands Travel Ban. The measures are being taken in hopes of avoiding layoffs as a result of the dramatically slowed economy as the novel coronavirus spreads across the U.S. and around the world. Although there are still uncertain times ahead, I am grateful for all we have accomplished together to bring us to this point. In a memo that was sent out to United employees on March 15, CEO Oscar Munoz and President Scott Kirby laid out pandemic responses including schedule reductions, a hiring freeze, and introducing a voluntary leave program. Full salaries will be reinstated by Mid-September. Here is the memo sent internally by Zimmer: From: Jeremy ZimmerSent: Wednesday, September 2, 2020To: All UTASubject: Update. TWITTER Rande Gerber Bio - Know more about Rande Gerber married, wife divorce, girlfriend, salary, net worth, family, height, age, children, parents, nationality, ethnicity etc. We have shown up for each other, on every Zoom, day and night. A person familiar with the situation told the LA Times that CEO Jeremy Zimmer and co-Presidents We want to hear from you! The Beverly Hills-based United Talent Agency has announced that it will cut the salaries of its staff as a result of the coronavirus pandemic, the Los Angeles Times reported. In a memo to employees on March 18, Allegiant laid out a strategic plan of operations during the pandemic. Account active by Divisions include talent, sports, podcasts, a speakers bureau and independent film sales. FACEBOOK Terms of Use | Zimmer and UTA co-presidents Jay Sures and David Kramer will forgo compensation for the rest of 2020. Paradigm on Friday let go of about one-sixth of its workforce as a result of the industry's near-shutdown.

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