ICM Partners Undergoes New Round of Staff Cuts

Chris Silbermann - Big Brothers Big Sisters Of Greater Los Angeles Big Bash Gala - Getty -H 2019
Leon Bennett/Getty Images

ICM Partners' CEO Chris Silbermann.

The Century City-based agency laid off more than a dozen staffers in late August.

Two months after laying off 40 employees amid pandemic-era cost-cutting, ICM Partners is letting go more than a dozen staffers in multiple departments.

The Century City-based firm, led by CEO Chris Silbermann, made the new cuts in late August in multiple departments across the agency, which employs around 500 staffers.

"Due to the impact of the ongoing pandemic, last week we implemented a limited number of furloughs and have also eliminated some positions," an ICM rep said in a statement. "These changes will occur throughout the agency, but are concentrated in business lines that have been most directly impacted by the pandemic."

An ICM rep added of the latest round of cuts: "We have provided severance packages, including ongoing healthcare, to those impacted and assured continued health coverage for all employees."

The representation business has taken a hit this year as film and TV production halted for months amid COVID-19 concerns. On Sept. 2, UTA, which employs 1,100 staffers, disclosed that it would lay off 50 employees and CEO Jeremy Zimmer told employees it wouldn't be able to reinstate staffers who had been previously furloughed. (UTA had temporarily laid off 171 staffers in Beverly Hills, per a disclosure with the California Employment Development Department.)

Fellow major agency CAA said on July 28 that it would be cutting 90 agents and execs and furloughing 275 assistants and staff. Paradigm temporarily laid off 130 staffers, a filing with the state of California showed in May. And Endeavor, the parent company of WME, laid off 83 staffers at its Beverly Hills office.

On June 26, when ICM disclosed that it would lay off 40 support staffers, co-presidents Sloan Harris and Kevin Crotty noted in a memo to employees: "After completing an exhaustive analysis of all job functions, as well as taking into consideration the realities of space requirements, we have determined that going forward we can operate more efficiently with fewer support staff. This is the new reality for almost all businesses in all industries and certainly across the board in ours."

Variety first reported on ICM's new round of layoffs.