AEG announces layoffs, furloughs
AEG is implementing cost-reduction measures, including staff layoffs and furloughs, as well as salary reductions, across all divisions
News By IQ | 9 June 2020
Live entertainment powerhouse AEG is implementing staff layoffs, furloughs and salary reductions as part of a Covid-19 cost-cutting plan.
The company, whose CEO Dan Beckerman notified employees of the measures on Monday (8 June), is enacting the measures across all parts of the business from 1 July, including concert and festival promoter AEG Presents.
In a separate message, AEG Presents chairman and CEO Jay Marciano stated that those affected would be provided with “the best safety net” possible.
“I don’t think it’s…
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