Coronavirus: Bay Area’s Eventbrite cutting hundreds of jobs as part of $100 million savings plan

Coronavirus: Bay Area’s Eventbrite cutting hundreds of jobs as part of $100 million savings plan

4 years ago
Anonymous $9CO2RSACsf

https://www.siliconvalley.com/2020/04/09/coronavirus-bay-areas-eventbrite-cutting-hundreds-of-jobs-as-part-of-100-million-savings-plan/

Bay Area event-organizing company Eventbrite will cut its workforce nearly in half “to better position the company to weather the impact of the COVID-19 pandemic,” it announced this week.

The San Francisco firm, whose platform is used to organize and issue tickets for events including concerts, conventions and classes, said slashing its headcount by 45% is part of a coronavirus-related cost-cutting plan expected to yield at least $100 million in annualized savings.

Coronavirus: Bay Area’s Eventbrite cutting hundreds of jobs as part of $100 million savings plan

Apr 9, 2020, 10:26pm UTC
https://www.siliconvalley.com/2020/04/09/coronavirus-bay-areas-eventbrite-cutting-hundreds-of-jobs-as-part-of-100-million-savings-plan/ > Bay Area event-organizing company Eventbrite will cut its workforce nearly in half “to better position the company to weather the impact of the COVID-19 pandemic,” it announced this week. > The San Francisco firm, whose platform is used to organize and issue tickets for events including concerts, conventions and classes, said slashing its headcount by 45% is part of a coronavirus-related cost-cutting plan expected to yield at least $100 million in annualized savings.