As much as one-seventh of the agency could be out of work, and the remainder will see reductions in payroll.
Paradigm is cutting back as the industry has ground nearly to a halt amid the coronavirus pandemic.
In addition to anticipated layoffs of about a hundred or more of its 600-plus employees, The Hollywood Reporter also has learned that payroll will be reduced for those who remain at the company.
CEO Sam Gores broke the news in an agency-wide Zoom call this morning, and a second call with department heads was to follow. Although certain divisions, such as Paradigm's industry-leading music department, have been clearly impacted as live events such as music festivals were among the first to go as the virus spread, the cuts are not expected to be confined to any specific business unit.