It’s been just over 24 hours since news broke of sexual misconduct allegations against Morgan Freeman, and he’s already suffering major consequences.

Freeman’s long-standing relationship with VISA has come to an end, as the credit card company severed ties following eight women accusing the Oscar-winner of various levels of inappropriate behavior. Now, the Screen Actor’s Guild (SAG) are reconsidering their decision to honor the 80-year-old thespian with a Lifetime Achievement Award.

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“These are compelling and devastating allegations which are absolutely contrary to all the steps that we are taking to [ensure] a safe work environment for the professionals in this industry,” said a SAG-AFTRA spokesperson. “Any accused person has the right to due process, but it is our starting point to believe the courageous voices who come forward to report incidents of harassment.”

“Given Mr. Freeman recently received one of our union’s most prestigious honors recognizing his body of work,” the statement concluded, “we are therefore reviewing what corrective actions may be warranted at this time.”