Posted on August 04, 2022
CEO Eric Baker wrote a letter to employees that he posted on LinkedIn, saying that the Shanghai office will close as well and that "the majority of our employees in both locations" will be laid off. Baker attributed the decision to the need to “streamline and optimize operations following the merger of StubHub and Viagogo” and claimed that “the business is performing strongly.”
The company will center its corporate operations in New York City and Los Angeles, as well as “focus on in person participation” in its hubs in Utah, Switzerland, Ireland and Taiwan. The ticket marketplace has 161 employees based in the Bay Area, according to LinkedIn, though it’s unclear how many will lose their jobs.