billboard.com
50%
985
APA Reduces Salaries Over $100K Amid Pandemic
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 the 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.