The entertainment industry is experiencing significant layoffs and cost-cutting measures, with about 20% of executives above the VP level reportedly out of work. CAA and the New York Mets have recently undergone layoffs in various departments. Studios are cautious due to a potential strike by the IATSE union, impacting production in California.
Some industry insiders suspect that studios are operating conservatively under the looming threat of a potential strike by Hollywood crew members’ union IATSE. Here’s more on why production in California has been so slow. https://t.co/Zru7tnl6f8
A remarkably noteworthy article.. Please do read.. Almost everyone in Hollywood wants to get back to work. What's taking so long? In-depth story by Christi Carras and @marisagerber https://t.co/dxAjxDgtwc
Hollywood Contraction: Unscripted TV Business Facing “Crushing” Grim Reality As Fewer Shows Lead To Fewer Jobs https://t.co/MvFH4TEa1Q