Live Nation has furloughed approximately 2,100 of its 10,500 employees across multiple divisions at the company, Billboard has learned.
The staff reductions are part of an effort that began in April to reduce costs by $600 million as the publicly-traded concert promoter prepares to weather an extended shutdown due to the COVID-19 crisis.
Nearly 40,000 full and part jobs in live entertainment have been lost, according to data collected by Billboard, since stay at home orders were issued in 42 states beginning March 12. That same day, Live Nation and AEG pulled touring shows off the road and began postponing and canceling tens of thousands of concerts and festivals.
