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Cirque du Soleil Files for Bankruptcy, Axes 3,500 Employees Worldwide

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thewrap.com
thewrap.comthewrap.com:

reports saying that Cirque du Soleil is nearly $1 billion in debt.Also Read: Broadway Extends Theater Shutdown to Early January“For the past 36 years, Cirque du Soleil has been a highly successful and profitable organization.

However, with zero revenues since the forced closure of all of our shows due to COVID-19, management had to act decisively to protect the Company’s future,” Daniel Lamarre, president and CEO of Cirque du Soleil Entertainment Group, said in a statement.

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