Eventbrite Announces $100 Million Annualized Expense Reduction Plan
Eventbrite, Inc. Class A (EB)
Last eventbrite, inc. class a earnings: 2/27 04:05 pm
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Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Eventbrite, Inc. (NYSE: EB), a global ticketing and experience technology platform, today announced an expense reduction plan to better position the company to weather the impact of the COVID-19 pandemic. As part of that plan, the company will reduce its global workforce by 45%. Together with other cost-savings measures, the plan is expected to yield at least $100 million in annualized expense savings. The expense measures are broad-based and include cash compensation reductions for the CEO and executive staff.“The 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,” said Julia Hartz, Eventbrite’s co-founder and Chief Executive Officer. “We 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 d
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EB
Earnings
- 11/7/24 - Beat
EB
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 3
- 11/14/24 - Form SC
- EB's page on the SEC website