Eventbrite is laying off 11% of its staff

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Eventbrite is letting go of about 100 employees, or 11% of its workforce, the company said Thursday. It expects to incur about $7 million in costs associated with the reduction. The company previously cut 8% of its workforce in February 2023. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Advertisement The ticketing-and-events platform Eventbrite said on Thursday that it's letting go of around 100 employees — roughly 11% of its staff. The company said it expects to incur up to $7 million in severance and cost-reduction actions tied to the layoffs. Eventbrite previously cut 8% of its workforce in February 2023. One current Eventbrite staffer, speaking on the condition of anonymity to be able to talk freely about a sensitive internal situation, told Business Insider they expected the layoff given Eventbrite's stock value had dropped off in recent months. The company is currently trading at around half its value from the start of the year. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .