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A quarter of Ticketfly employees have reportedly been let go following a "careful talent analysis" by new parent company Eventbrite
By IQ on 12 Sep 2017
Eventbrite has let go an estimated 25% of Ticketfly’s staff following the completion of its US $200m acquisition of the company last week.
In a statement, an Eventbrite spokesperson says it is “unavoidable to combine two companies of our size and not have some level of redundancy”, and confirms that – following a “careful talent analysis” – the company “notified some Ticketfly employees earlier this week that they have been impacted”.
According to Amplify, Ticketfly employed between 150 and 200 people, of which Eventbrite is retaining 75%.
“It’s unavoidable to combine two companies of our size and not have some level of redundancy”
“While it’s never easy to say goodbye to colleagues, we sincerely appreciate the hard work and contribution each person made to the Ticketfly business,” concludes the statement. “We have retained the vast majority of the team to ensure we have the collective experience and expertise to best serve our customers.”
The US$200m acquisition of US-based Ticketfly, announced in June, is Eventbrite’s third this year and seventh in total, and follows the buy-out of European market leader Ticketscript in January.
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