Published
Fri, Apr 8, 2016, 15:27
- The news follows a bankruptcy filing and the resignation of its former CEO Robert Sillerman.
SFX Entertainment will lay off 50 employees in New York this July.
As Billboard reports, the dance music promoter is restructuring in the wake of filing for Chapter 11 bankruptcy two months ago. Robert Sillerman also stepped down from his role as CEO last week, following last month's news that they'd be canceling TomorrowWorld 2016 and selling off the digital download site Beatport. The most recent announcement did not mention layoffs at any of the company's other offices.