By Elaine Low
06.05.2020 - 00:55 / billboard.com
Dance promoter Insomniac has furloughed 90 people, representing approximately 50% of its employee base, the company confirmed to Billboard in a statement.
Employees will retain all their medical benefits while on furlough, a source confirmed.“Like many other companies in our industry impacted by COVID-19, Insomniac made the difficult but necessary decision to furlough certain employees while we are unable to produce our shows," founder and chief executive Pasquale Rotella tells Billboard in a
.By Elaine Low
Live Nation has furloughed approximately 2,100 of its 10,5000 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 promoters prepares to weather an extended shutdown due to the COVID-19 crisis.This is a developing story...
As the novel coronavirus pandemic keeps upending the entertainment industry, with cost-cutting measures enacted and business models retooled, WME said Thursday it will lay off or furlough 20 percent of its workforce. “WME is reducing its workforce by approximately 20% as a result of COVID-19’s impact on our business.
As the novel coronavirus pandemic continues to upend the entertainment industry, with cost-cutting measures enacted and business models retooled, WME said it will lay off 20 percent of its workforce.“WME is reducing its workforce by approximately 20% as a result of COVID-19’s impact on our business. We appreciate the contributions of our former colleagues, and out of respect for their privacy, we will not be commenting on the status of specific employees," an agency spokesperson said.
Malin Akerman is getting real about the struggles of work from life.
Starting next week, James Corden will pay the salaries of about 60 furloughed production staffers on The Late Late Show out of his own pocket, likely to be mid-five figures weekly.
Nick Cordero is suffering more setbacks on the road to recovery following his coronavirus diagnosis.
Duncan Bannatyne has flown back to his £5 million villa in Portugal just weeks after furloughing 2,500 members of staff at his fitness clubs across the UK.
Trevor Noah is helping out his own team in a big way.
Cain Velasquez is the latest wrestling star to join the long list of in-ring talent released due to the budget cuts during the ongoing Coronavirus shutdown, The Wrestling Observer reported. The former UFC Heavyweight Champion has been released from his WWE contract.
Queen Elizabeth and Prince Philip’s staff is making a huge sacrifice during the Coronavirus pandemic to keep the royal couple safe. According to a report by The Sun, about 22 staff members are currently quarantining in Windsor Castle with the Queen (94) and the Duke of Edinburgh (98).