Ticketmaster has cut around 350 employees across 25 countries, according to Pollstar.
This represents about 8% of the ticketing giant’s workforce, says Pollstar, and largely impacts engineering, product and design teams.
Saumil Mehta, Ticketmaster global president, told Pollstar: “The purpose of [these cuts] is stronger prioritization, especially in engineering product and design. That comes with flattening layers, consolidating ownership, changing how teams are structured and ensuring that we put more energy behind specific initiatives.”
The layoffs were announced following news that parent company Live Nation announced Q1 revenue of $3.8bn, with an operating loss of $371 million. This nearly matched its record-setting Q1 2024.
The cuts come during a tumultuous time for Live Nation as the company continues to face scrutiny over its pricing model and its. In April, a federal jury found Live Nation and its subsidiary Ticketmaster has been illegally operating as a monopoly and overcharging ticket buyers in violation of US antitrust laws.
