Overview
- About 3% of the agency’s roughly 1,100-person workforce were cut across multiple offices and divisions.
- Co-chairs Christian Muirhead and Richard Weitz detailed the decision in a staff memo on Wednesday.
- The memo describes the move as rightsizing driven by consolidation, shifting economics, a contracting marketplace, and the end of packaging.
- WME says conversations with affected employees will conclude by the end of the week, with transition support provided.
- This is the agency’s first group layoff since May 2020 and comes about a year after WME became part of WME Group led alongside Mark Shapiro.