President Mark Shapiro is reducing his pay by half, while the remaining employees making $65,000 and up will see their pay decreased by 5-30%.
Endeavor is rolling out pay cuts as it deals with the economic impact of the pandemic, The Hollywood Reporter has confirmed.
As with several other agencies that have taken similar measures, the pay reductions will proportionately increase according to base salary, from 5 to 30 percent, except for Endeavor president Mark Shapiro, who is cutting his compensation by half. The adjustments will be reflected in the next paycheck.
Salaries of less than $65,000 a year will not be reduced – this includes employees such as WME's assistant group. The paycuts will apply across all of Endeavor's holdings -- which also include IMG, the Miss Universe Organization and Professional Bull Riders -- except for UFC, which it does not wholly own.