Silver Lake-backed Endeavor announces layoffs

Endeavor, the operator of a Hollywood talent agency and provider of other sports and entertainment offerings, has laid off around 250 employees across its various businesses due to impacts from the coronavirus, according to Variety. A majority of the cuts will reportedly affect IMG Academy, a boarding school and sports training facility in Florida, as well as support staff at the WME talent agency. Silver Lake first invested in WME in 2012 and has been the majority owner of Endeavor ever since its creation in 2014 upon the merger of WME and IMG.

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