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Eventbrite axes 45% of its staff to save money during the COVID-19 crisis

By | Published on Thursday 9 April 2020


As the entire ticketing business deals with the impact of the COVID-19 shutdown of live entertainment, Eventbrite yesterday announced a radical downsizing of the company which will see its global workforce reduced by 45%. Sources say that the music part of its business will be hardest hit.

In a statement to investors, the publicly listed Eventbrite said that the downsizing would “better position the company to weather the impact of the COVID-19 pandemic”. The lay-offs and other cost-saving measures are “expected to yield at least $100 million in annualised expense savings”. Senior staff, including CEO Julia Hartz, will also take pay cuts.

Commenting in those cuts, Hartz said: “The COVID-19 pandemic has caused massive disruption to the live entertainment and experiences economy and we are taking significant action to navigate this unprecedented time. We are saddened to see many members of our team depart the company and we are supporting them in every way we possibly can during this tumultuous time”.

She added: “I want to personally thank our talented and dedicated teammates for contributing towards building the leading platform for independent creators”.