Ticketmaster North America has furloughed a quarter of its workforce, sources confirm to Variety, in one of the most tangible signs yet of the severity of the coronavirus pandemic’s effect on…
in one of the most tangible signs yet of the severity of the coronavirus pandemic’s effect on the concert industry.
Smith praised the staff for its crisis response in the midst of revenue grinding to a halt and said that “this team spirit and camaraderie made the decision to furlough a portion of our workforce all the more difficult. I assure you, however, that this decision was arrived at with great consideration and care. Without a doubt, this is the hardest decision I have faced in my tenure leading this great organization but it is one I feel is necessary to protect the future of our company.
’s April 13 filing with the SEC, which said the company was looking to cut $500 million in costs this year through measures that would also include reducing contractors, renegotiating rent, and paring back other discretionary spending. The move came on the heels of a letter sent to staff of the parent company Live nation on Monday by chairman/CEO Michael Rapino, detailing ticket refund policies, a perpetual source of fan controversy since the pandemic began. In that memo, Rapino gave specific figures for the amount of cancellations that have rocked Ticketmaster .
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Big chunks of history (and rock) are missing in North America, study saysAt the base of Pikes Peak and other rocky sites across America, including the Grand Canyon, 550 million-year-old rock sits on top of rock that has existed as long as 3 billion years. But there's nothing in-between. It's as though that time period has literally been wiped from Earth.
Read more »
Former chairman of Michelin North America drops support for Lindsey Graham, backs Democratic challengerRichard Wilkerson made a donation to Democratic candidate Jaime Harrison in December.
Read more »
Satellite images of luxury boats further suggest North Korea's Kim at favoured villa: expertsSatellite imagery showing recent movements of luxury boats often used by North Korean leader Kim Jong Un and his entourage near Wonsan provide further indications he has been at the coastal resort, according to experts who monitor the reclusive regime.
Read more »
Rumors over Kim Jong Un's health make one thing clear: North Korea's cult of personality enduresRecent speculation about Kim Jong Un's health shows how the fate of North Korea is still seen as inextricably linked to that of one much-hyped individual.
Read more »
Leader of North Carolina protests against stay-at-home tests positive for coronavirusA leader of a North Carolina group protesting preventative measures amid the Covid-19 pandemic has tested positive for coronavirus but insists that being forced to stay home is a violation of her First Amendment rights.
Read more »