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Ticketing and live music discovery platform DICE has confirmed a number of layoffs as it looks to restructure areas of its business.
The Resident Advisor reported that a source close to the company confirmed the creative and marketing teams were the most heavily affected. According to the article, the UK-headquartered company will aim to work with more freelancers.
A spokesperson told TheTicketingBusiness.com: “We recently made the difficult decision to restructure parts of our business to ensure we can focus on our most important initiatives. This isn’t an exercise we carry out lightly and we’re sad that we have to say goodbye to colleagues that we love working with and respect enormously.”
DICE also told TheTicketingBusiness.com that it would be continuing to make “strategic hires that will drive forward” growth opportunities, as showcased by its appointment of former HBO Max, Warner Brothers and Hulu executive Katie Soo.
Soo was appointed chief business officer in March this year.
DICE further said that less than 10% of its global workforce had been made redundant and it will continue to operate in all 10 of its markets.
The platform raised $122m (£96m/€112m) in Series C funding in September 2021.
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