The agency also is implementing suspensions and furloughs in hopes of avoiding layoffs during the industry slowdown.
APA has announced its cost-cutting measures as the entertainment industry continues to grapple with the novel coronavirus pandemic.
In an attempt to avoid outright layoffs, employees making $100,000 a year or more will undergo pay cuts, and some will be suspended or furloughed. The board of directors will make the "largest financial sacrifice," according to the agency.
APA, which has offices in New York, Los Angeles, Nashville, Atlanta, Toronto and London, is the latest agency whose personnel decisions amid the pandemic's economic fallout have been made known. Last Friday, Paradigm laid off more than 100 members of its 600-plus staff, with the remaining taking pay cuts of up to 50 percent. The heads of both UTA and Endeavor are forgoing the remainder of their 2020 salaries, with the latter company laying off around 250 employees (mostly employed in roles related to upkeep and service of its physical facilities) and informing its WME partners that an expected buyback of their equity shares would be postponed indefinitely. UTA also has implemented companywide proportionate pay cuts, as has Verve.