> ## Content Index
> Fetch the complete content index at: https://www.hypebot.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Ticketmaster Furloughs Hundreds
- URL: https://www.hypebot.com/ticketmaster-furloughs-hundreds/
- Published: 2020-04-29T18:24:10.000Z
- Updated: 2020-04-30T12:31:07.000Z
- Description: UPDATED: Live Nation-owned Ticketmaster furloughed hundreds of employees across North America on Wednesday, according to multiple sources These are the first real cuts across the Live Nation group of companies.. Continue reading [https://www.hypebot.com/hypebot/2020/04/ticketmaster-furloughs-hundred
- Author: Bruce Houghton
- Tags: Live & Ticketing, Music Business, Music Tech, #wp, #wp-post, #Import 2026-01-21 09:51

UPDATED: Live Nation-owned Ticketmaster furloughed hundreds of employees across North America on Wednesday, according to multiple sources

These are the first real cuts across the Live Nation group of companies.

![$.](https://storage.ghost.io/c/3a/95/3a957c06-c825-4057-9939-0a274cc16d23/content/images/www-hypebot-com/wp-content/uploads/2019/12/tickets-672414_1280.jpg)

An April 13th Live Nation SEC filing had broadly outlined a plan to save $500 million in 2020 through “the reduction in the use of contractors, rent re-negotiations, furloughs, and reduction or elimination of other discretionary spending.”

The staffers will reportedly receive 2-3 weeks severance pay and have their health insurance covered indefinitely. “These are critical employees and we plan to bring everyone back,” a source told [Billboard’s Dave Brooks](https://www.billboard.com/articles/business/9368020/ticketmaster-furloughs-employees-cost-reduction-plan?utm%5Fcampaign=2020-04-29&utm%5Fmedium=email&utm%5Fsource=Sailthru&utm%5Fterm=biz%5Fbreakingnews) who first broke the story.