EXCLUSIVE, UPDATED with names: CAA is letting go of plenty of brokers Friday. I hear the cuts are primarily impacting the tv — scripted and unscripted — and movie departments. General, the employees reductions are mentioned to contain greater than 20 folks, with one estimate placing the quantity within the 20-30 vary. Not all the cuts are taking place immediately; extra departures are anticipated within the coming weeks.
As Deadline reported last month, CAA in October began the method of year-end evaluations and division evaluations that may end in employees exits; immediately’s layoffs are mentioned to be a part of that.
UPDATE: Names of brokers impacted by the cuts have began to emerge. The record contains TV lit agent Adam Biren and non-scripted TV agent Shade Grant, who signify the 2 sides of the merged company, CAA and ICM, respectively. Their departures got here as a shock to many given their stature and the truth that they weren’t amongst names bandied about.
Different notable, established brokers leaving CAA embody Joel Begleiter, Tyler Kroos and Kara Petit (TV) and Ashley Harrison and Ruby Kaye (movie). There are a few brokers who’re transitioning to different corporations; we’ll report on their whereabouts once they land within the subsequent few days. The record additionally contains a number of coordinators.
A rep for CAA, which workers about 3,400 folks, declined remark.
The transfer comes amid intense scrutiny, with lists of CAA brokers rumored to exit, together with veterans with established shopper rosters, circulating round city over the previous couple of weeks. It additionally joins a similar round of end-of-year staff cuts at UTA last week.
Right this moment’s departures observe CAA’s March layoffs when slightly below 20 folks had been let go throughout a handful of departments in content material areas together with expertise.
CAA simply crossed the one-year mark underneath its new proprietor, Francois-Henri Pinault’s Artémis, which completed a majority stake acquisition in September 2023. Simply earlier than that, in August 2023 — amid the double WGA and SAG-AFTRA strike — about 60 CAA staffers had been laid off in departments equivalent to TV Lit, music and IT.
Peter White and Matt Grobar contributed to this report.
