Paradigm Talent Agency which had laid off 180 employees on a temporary basis has decided to lay those staffers permanently amid pandemic-related film and TV production shutdowns.
Sam Gores, the chairman and founder of Paradigm said that , “the profound effects of the coronavirus have continued to severely impact every aspect of our industry and our world for longer than we had even imagined six months ago.”
The state’s Employment Development Department disclosed in the month of May that the Paradigm temporarily laid off 130 staffers at its Beverly Hills office and four staffers in Monterey in March
On March 20, the company also started temporary staff cuts as well as pay cuts at the company, which had 600 employees. Later in June, his billionaire brother Tom Gores took an undisclosed ownership stake in the agency.
Not only Paradigm but Hollywood’s top talent agencies have implemented a series of cutbacks amid the pandemic. WME had disclosed in may to lay off and furlough 20 percent of its workforce as its parent company Endeavor cut pay and laid off 83 staffers in Beverly Hills. CAA also decided to lay off 90 agents and furloughed 275 assistants as well as company wide pay cuts. Whereas UTA removed 50 staffers and temporarily laid off 171 employees although reinstated the pay for remaining employees in September. Even ICM partners have decided the cuts of 40-plus staffers and APA talent agency disclosed pay and staff cuts.