SeatGeek is implementing a significant workforce reduction, with approximately 15% of its global employees being laid off, according to reports from departing staff in New York City and Berlin. The cuts affect various departments, including software engineering and user experience teams.

Affected employees described the layoffs as "abrupt," with several taking to LinkedIn to share their experiences. A former Senior UX Researcher confirmed being part of the 15% reduction, while other employees noted it was "a tough day at SeatGeek with many good people affected."

Founded in 2009 by Jack Groetzinger and Russell D'Souza, SeatGeek has evolved from a ticket resale marketplace to a major ticketing platform with significant partnerships, including:

• Premier League Clubs (Liverpool and Manchester City)
• NFL teams (Dallas Cowboys and Tennessee Titans)
• Multiple MLB teams (10 new additions in the past year)
• The Utah Hockey Club (NHL's newest team)
• Big 12 conference (Official Ticket Marketplace)
• USA Softball (Official ticketing partner)

The company's recent developments include:

• Filing confidential IPO papers in April 2023 with Citigroup, Morgan Stanley, and Wells Fargo as underwriters
• Launching "Parties" feature for group ticket management
• Expanding partnerships across various sports leagues

This restructuring comes after SeatGeek's previous attempt to go public through a SPAC deal with RedBall Acquisition Corp was terminated due to unfavorable market conditions in 2021.

The company has not yet officially responded to media requests for comment regarding the layoffs.

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