Simon Cowell axing staff and downsizing Syco empire to focus on family life after getting engaged to Lauren Silverman
thesun.co.ukSIMON Cowell is letting go of almost his entire staff at his company Syco and "downsizing" after almost 20 years. The Sun can reveal the music mogul has chosen to consolidate his multi-million pound global empire - which has sold over 250 million records worldwide - to focus on family life.
In recent days many of Simon’s staff have begun "leaving" conversations – including some of his closest confidantes who have worked with him for decades.
A source said: “Simon has reached a time in his life when he doesn’t want the stress of running a global empire and so has made the difficult decision to wind down Syco. “Obviously everyone involved, including Simon, is very sad.
It really is the end of an era. “Simon made this decision with a heavy heart but after much deliberation he had to do what is best for him and his family. “Running his business internationally – especially during the pandemic and since his bike accident – has become exhausting and understandably Simon now wants to focus on other things, and particularly his family.” Simon, 62, who first created the company as a record label in 2004, will now concentrate solely on being a television personality and is expected to start filming the next series of Britain’s Got Talent in London on Sunday.
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