United Talent Agency, which had been on an acquisition spree nabbing multiple boutique firms, is undergoing a round of layoffs, the company said Wednesday. The cuts at the Jeremy Zimmer-led agency are said to be impacting a single digit percentage of a workforce that totals 2,000 employees.
“We’ve grown a great deal over the last several years, and as a result decided to make some adjustments,” aspokesperson said. “We’re unfortunately parting ways with a small number of colleagues and are grateful for everything they’ve contributed.” Last year marked a period of expansion for the Beverly Hills-based agency, which closed a $125 million deal for strategic advisory firm MediaLink, bought U.K. literary and talent Agency Curtis Brown Group, snapped up data firm Mediahound and secured capital from private equity firm EQT. In January, UTA added literary agency Fletcher & Company to its assets.
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