Entertainment Giant AEG Reveals Layoffs Amid Pandemic
The world’s second-largest live entertainment giant, AEG Presents, has officially announced pay cuts across the company. According to a memo from CEO Jay Mariano, which was obtained by Variety, the company will implement a combination of layoffs, furloughs, and paycuts. The extent of the layoffs were unclear, though Marciano... Read more
Ticketmaster’s General Counsel Leaves Company
Ticketmaster’s General Counsel Karen Klein has left her position at the ticketing giant amid the widespread cancellation of events due to the coronavirus pandemic. Klein, who also served as the executive vice president, joined the company in 2019. During her role, Klein led Ticketmaster’s legal, government affairs, public policy,... Read more
Live Nation Furloughs 20 Percent Of Workforce Amid Pandemic
In order to stay afloat amid the coronavirus pandemic, live entertainment behemoth Live Nation announced that it has furloughed 20 percent of its staff in cost-cutting measures. According to Billboard, the company revealed a $600 million cost-cutting package, which will affect 2,100 of Live Nation’s 10,500 employees. Back in... Read more
Report: Ticketmaster Furloughs Hundreds at Multiple Offices
Hundreds have been furloughed as part of cost-cutting measures put into place by Ticketmaster, surprising many who had been assured the company was trying hard to avoid cutting staff on multiple calls, according to Billboard. Multiple offices across North America will be impacted by the cuts to the Live... Read more