StubHub Layoffs
May 2020
StubHub announced a layoff affecting 200 employees in May 2020. The company operates in the Consumer sector.
200
May 28, 2020
About
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.
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