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Live Nation Furloughing 20 Percent of Employees

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Approximately 20 percent of Live Nation Entertainment employees have been furloughed as part of the company's cost-cutting measures amid the spread of the novel coronavirus, company sources toldThe Hollywood Reporter on Friday.

Those furloughs began in late April and affected hundreds of Ticketmaster employees. But several more Live Nation divisions enacted furloughs this week, which a company spokesperson confirmed are part of its previously announced cost-cutting plan. “The furloughs were super surprising,” an impacted employee told THR.

After the furloughs, about 80 percent of Live Nation's full-time staffers will remain on the company’s payroll. In mid-April, the company announced that company CEO Michael Rapino would forgo his $3.

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