Endeavor The Latest To Implement Companywide Pay Cuts

Endeavor has told staff that there will be "companywide pay cuts ranging from 0-30% that will occur in the coming weeks," according to Miek Fleming Jr. of DEADLINE.com. This is "similar to a strategy adopted by Disney and other companies, to avoid mass layoffs." Every company "will see this except for UFC, because the latter is not wholly owned by Endeavor." Endeavor President Mark Shapiro will "take a 50% pay cut" after CEO Ari Emanuel and Exec Chair Patrick Whitesell informed staff last week they will "go without salary the rest of this year." It also "follows an initial layoff of about 250." The higher earners will "shoulder most of the burden here, and will see their pay decrease by 30% maximum." The cuts will "not impact employees making under $65,000" (DEADLINE.com, 4/1).