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Eventbrite (EB) has issued an announcement.
In a decisive move to streamline operations and cut costs, a company is set to complete a significant workforce reduction by the third quarter of 2024, affecting 11% of its employees, with expected costs of up to $7 million. Concurrently, the company has strategically appointed Lanny Baker, an experienced executive with a rich background in finance and technology, to the dual role of Chief Operating and Financial Officer. Baker’s expanded responsibilities will encompass leading business operations and global teams to drive efficiency and performance, building on his substantial industry experience and previous leadership roles.
See more insights into EB stock on TipRanks’ Stock Analysis page.