SFX to layoff 50+ this summer

…SFX Entertainment, the financially distressed dance music promoter current in Chapter 11 bankruptcy restructuring, will lay off about 50 employees in New York in July, the company disclosed Thursday. The layoffs are part of a reorganization that is expected to end this summer. Because the New York State Worker Adjustment and Retraining Notification Act requires a company to give employees 90 day of notice before “mass layoffs.” The announcement did not mention layoffs outside of New York…

Read more at: SFX to Cut New York Staff | Billboard

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