The ticketing service provider expects to incur total costs associated with the restructuring plan of about $12 million to $20 million, pre-tax. The company expects the entire process to be completed by the end of the year.

The company added it will relocate nearly all of the customer support and operations roles to locations outside the U.S.Īs of December 31, 2022, Eventbrite had 881 full-time employees, of which 508 were in the United States and the rest in other locations. The company joins a growing list of firms in corporate America - from tech companies and Wall Street banks to online furniture retailer Wayfair Inc (W.N) - that have reduced their workforce in the face of recessionary fears.Įventbrite said it also plans to relocate about 30% of the remaining roles, including moving certain development roles to Spain and India from Argentina and the U.S. Shares of the company were up nearly 3% at $9 in extended trading.

Feb 28 (Reuters) - Eventbrite Inc (EB.N) said on Tuesday it will eliminate about 8% of the company's workforce, as the ticketing service provider looks to cut costs amid worries of an economic downturn.

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