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DeepNewz, mobile.
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Hollywood is experiencing a significant decrease in entertainment executive jobs due to cost-cutting measures, with middle managers comprising a large portion of the layoffs. Approximately 20% of VP-and-above executives are estimated to be out of work. Agencies like CAA are also undergoing layoffs in various departments.
CAA Undergoes Layoffs In Talent & Other Departments https://t.co/1AuKInQQEh via @Deadline
The latest installment in Deadline’s series Hollywood Contraction examines the impact of the current industrywide cost-cutting trend on entertainment executives, with one pro estimating about 20% of the VP-and-above workforce is out of work — with legal, marketing and development… https://t.co/5Imv0aYrky
Middle managers are on the chopping block, accounting for almost a third of layoffs last year https://t.co/3O1DVFMTSs
