Eventbrite To Slash Global Workforce As Part Of $100 Million Cost-Reduction Plan - CelebrityAccess<\/title>\n<meta name=\"description\" content=\"SAN FRANCISCO (CelebrityAccess) -- Ticketing and event management platform Eventbrite announced a round of cost-saving measures that include a 45%\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.celebrityaccess.net\/2020\/04\/08\/eventbrite-to-slash-global-workforce-as-part-of-100-million-cost-reduction-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eventbrite To Slash Global Workforce As Part Of $100 Million Cost-Reduction Plan - CelebrityAccess\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO (CelebrityAccess) -- Ticketing and event management platform Eventbrite announced a round of cost-saving measures that include a 45%\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.celebrityaccess.net\/2020\/04\/08\/eventbrite-to-slash-global-workforce-as-part-of-100-million-cost-reduction-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"CelebrityAccess\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-08T23:04:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-08T23:05:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dev.celebrityaccess.net\/wp-content\/uploads\/2018\/07\/8fef1a96-98ca-4bf7-813d-2ad05970d313-julia-kevin-profile-supercrop.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1365\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ian Courtney\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ian Courtney\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dev.celebrityaccess.net\/2020\/04\/08\/eventbrite-to-slash-global-workforce-as-part-of-100-million-cost-reduction-plan\/\",\"url\":\"https:\/\/dev.celebrityaccess.net\/2020\/04\/08\/eventbrite-to-slash-global-workforce-as-part-of-100-million-cost-reduction-plan\/\",\"name\":\"Eventbrite To Slash Global Workforce As Part Of $100 Million Cost-Reduction Plan - 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{"id":91163,"date":"2020-04-08T19:04:44","date_gmt":"2020-04-08T23:04:44","guid":{"rendered":"https:\/\/celebrityaccess.com\/?p=91163"},"modified":"2020-04-08T19:05:28","modified_gmt":"2020-04-08T23:05:28","slug":"eventbrite-to-slash-global-workforce-as-part-of-100-million-cost-reduction-plan","status":"publish","type":"post","link":"https:\/\/dev.celebrityaccess.net\/2020\/04\/08\/eventbrite-to-slash-global-workforce-as-part-of-100-million-cost-reduction-plan\/","title":{"rendered":"Eventbrite To Slash Global Workforce As Part Of $100 Million Cost-Reduction Plan"},"content":{"rendered":"

SAN FRANCISCO (CelebrityAccess) — <\/span>Ticketing and event management platform Eventbrite announced a round of cost-saving measures that include a 45% reduction in their global workforce.<\/p>\n

The expense reduction plan also includes reductions in cash compensation for Julia Hartz, the company’s Chief Executive Officer and other members of its executive suite.<\/p>\n

As part of the cost-savings measures, Eventbrite expects to incur restructuring charges related to their staff cuts of $10-14 million, including $7-10 million worth of severance costs and $3-4 million is related to facilities and fixed assets.<\/p>\n

In all, the plan is expected to yield at least $100 million in annualized expense savings.<\/p>\n

Eventbrite previously suspended its financial projects for the first quarter and full year of 2020 on March 16, 2020.<\/p>\n

\u201cThe 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,\u201d Julia Hartz, Eventbrite\u2019s co-founder and Chief Executive Officer. \u201cWe 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. I want to personally thank our talented and dedicated teammates for contributing towards building the leading platform for independent creators.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

SAN FRANCISCO (CelebrityAccess) — Ticketing and event management platform Eventbrite announced a round of cost-saving measures that include a 45% reduction in their global workforce. The expense reduction plan also includes reductions in cash compensation for Julia Hartz, the company’s Chief Executive Officer and other members of its executive suite. 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