William Morris Endeavor (WME) has announced a round of layoffs, affecting 30 people, or 3% of its staff, across multiple offices, departments and levels. The staff reduction is believed to be due to industry consolidation, cost-cutting across media companies, shrinking marketplace post-Peak TV, and the end of packaging. The layoffs come a year after WME went private, becoming part of WME Group. While there have been isolated cases of staff being let go or agents’ contracts not being renewed, WME is the only major Hollywood agency not to have group layoffs since the pandemic. The company's co-chairmen, Christian Muirhead and Richard Weitz, addressed the cuts in a company memo.