AEG Layoffs Hit as Company Prepares for Limited-Capacity Coachella Next Year

  • 📰 billboard
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

AEG layoffs hit as company prepares for limited-capacity Coachella, global tours next year

Festivalgoers are seen during the 2019 Coachella Valley Music And Arts Festival on April 21, 2019 in Indio, Calif.

AEG, the global concert promoter and entertainment facility manager, instituted its deepest staff cuts in the company’s history Monday, laying off 15% of its workforce, furloughing more than 100 employees across multiple divisions at the company and instituting 20–50% pay cuts.Dan Beckerman The cuts are emblematic of the human toll that the coronavirus pandemic and statewide stay-at-home orders have had on the live events and entertainment industry, with approximately 45,000 full time employees furloughed or laid off and another 300,000—400,000 part-time and freelance employees out of work this summer, according to numbers compiled by“It is clear now that live events with fans will not resume for many months and likely not until sometime in 2021” Beckerman wrote, the latest sign...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

will lineup be changed?

SpoiledBratsSJ

Pray

What's 'limited-capacity' in the post-Covid age but 'live stream with essential filming crew only'. See you on YouTube.

Ninergirl99 aquí

That’s BS. More than 20% would request refunds to events if they would LET us! Ticketmaster is still holding most tickets hostage after they deemed most concerts have been “postponed”.

So sorry for all my friends at aeg. Rough times.

60% capacity at Coachella sounds enjoyable. 125k per day is a shit show

Anitta coming!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 112. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines