Tickets.com Says It Will Trim 220 Jobs
Tickets.com said Monday that it will cut its work force by 220 positions over the next 15 months, a reduction of 35%, as part of a corporate reorganization by the growing Costa Mesa online ticketing concern.
Tickets.com, which is engaged in a struggle with Ticketmaster Corp. in Pasadena, is trying to digest 11 companies it purchased over the last few years. The first 30 job eliminations were announced last week.
Tickets.com, which has 16 offices in the United States and the United Kingdom, said the layoffs will be made companywide. Eight or nine of the 125 employees at its Orange County headquarters are expected to lose their jobs, a spokesman said.
The reorganization is intended to refocus the company in two business areas: getting its existing 4,500 clients fully on-line; and bidding for new business, Tickets.com President Timothy Kelly said.
Tickets.com’s stock rose 22 cents a share to $3.63 on the Nasdaq stock market.
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