CEO Robert Sillerman spoke of consolidations "reductions in workforce" during Friday's earnings call.
Change is on the horizon at SFX. During Friday's earnings call, Robert Sillerman, chairman and chief executive, said the company has "made a very significant decision to consolidate many of our operations, and going forward you can expect to see a not insignificant shift in assignments and reduction in workforce, all of which will go to improve efficiency and, of course, to improve our EBITDA [earnings before interest, taxes, depreciation and amortization]."
In a statement to Billboard Friday evening, Sillerman emphasized restructuring over downsizing. "Having completed many acquisitions, we are in the process of determining where there is duplication, as well as where we can enter new businesses by reallocating people," he said. "There are no specifics beyond that at this time."