AEG chief executive Dan Beckerman announced in an email yesterday (Monday) that the employee cuts are a result of the COVID-19 live events blackout. The coronavirus pandemic has hit the live entertainment industry hard, as the ensuing shutdowns have caused venues and concert promoters to … Live Nation, the country’s largest promoter and AEG Presents’ main rival, announced in April that it had furloughed 20% of its staff, along with 50% pay cuts for executives. UPDATED: Layoffs are coming at AEG Presents, the world's second-largest live-entertainment company, on Monday (June 8), according to a memo from CEO Jay Marciano obtained by Variety. The extent of the layoffs was unclear at the time of this article’s publication, but they are said to be a combination of layoffs, furloughs and pay cuts […] This year's Coachella Music Festival, owned by AEG Presents and Goldenvoice, is still officially scheduled for October, but experts expect it … Live Nation, the country's largest promoter and AEG Presents’ main rival, announced in April that it had furloughed 20% of its staff, along with 50% pay cuts for executives. AEG Presents has announced a large number of layoffs, furloughs and salary reductions as part of a cost-reduction plan starting July 1. LOS ANGELES (CelebrityAccess) – AEG Presents, the world’s second-largest live-entertainment company, has announced that it will be making significant employee layoffs, furloughs and pay cuts due to the economic fall out of the COVID-19 pandemic. Concert promoter AEG announces significant layoffs, furloughs due to coronavirus fallout. UPDATED: Layoffs are coming at AEG Presents, the world's second-largest live-entertainment company, on Monday (June 8), according to a memo from CEO Jay Marciano obtained by Variety. AEG Presents, the world’s second largest live entertainment company, has announced a number of layoffs, alongside furloughs and pay cuts effective 1 July. August Brown. Read full article. The layoffs were first reported by Variety, which obtained a memo from CEO Jay Marciano to staff. No specific figures were reported, but the measures are said to affect all areas of […] The extent of the layoffs was unclear at the time of this article’s publication, but they are said to be a combination of layoffs, furloughs and pay cuts […] June 8, 2020, 4:09 PM. UPDATED: Layoffs are coming at AEG Presents, the world's second-largest live-entertainment company, on Monday (June 8), according to a memo from CEO Jay Marciano obtained by Variety. UPDATED: Layoffs are coming at AEG Presents, the world’s second-largest live-entertainment company, on Monday (June 8), according to a memo from CEO Jay Marciano obtained by Variety. AEG PRESENTS, one of the two largest concert promotion companies with LIVE NATION, has announced that layoffs are coming, according to a report in VARIETY. AEG.
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