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AEG Layoffs Hit as Company Prepares for Limited-Capacity Coachella, Global Tours Next Year

Dan Beckerman covid-19 2020 pandemic Coronavirus
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"When we are able to reopen, it will take time until we see our fans, partners and sponsors fully return," AEG CEO Dan Beckerman said in a staff memo.

AEG, the global concert promoter and entertainment facility manager, instituted its deepest staff cuts in the company’s history Monday, laying off 15% of its workforce, furloughing more than 100 employees across multiple divisions at the company and instituting 20–50% pay cuts. “Every employee worldwide will be impacted in one form or another,” AEG chief executive Dan Beckerman wrote in a somber note to employees in advance of Monday’s layoffs. “It is an agonizing decision, but sadly, a necessary one." The cuts are emblematic of the human toll that the coronavirus pandemic and statewide

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
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India
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Brazil
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Cases: 21 835 785
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Cases: 9 215 683
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Russia
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Deaths: 237 619
Recovered: 0
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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