StubHub

StubHub, a major online ticket marketplace, laid off approximately 30 employees in early 2024 as part of a restructuring effort to streamline operations and improve efficiency. The cuts represented a small percentage of its global workforce, which numbers in the thousands. The move reflects broader adjustments within the live events and e-commerce industry as companies adapt to post-pandemic market conditions and focus on technological investments.

In March 2020, StubHub, an online ticket marketplace, furloughed 450 employees, representing two-thirds of its North American workforce, as the COVID-19 pandemic began. By that summer, with live events like concerts and sports games remaining largely shut down due to high transmission risks, the company permanently laid off 200 of those furloughed employees. This significant reduction was a direct result of the severe and prolonged impact of the pandemic on the live events industry, which devastated demand for ticket resale services. The layoffs occurred just months after StubHub's $4 billion acquisition by Viagogo, a deal famously criticized for its terrible timing given the ensuing global crisis.