The event was cancelled last Friday SXSW has reportedly been forced to lay off a considerable number of employees after the global outbreak of coronavirus forced the cancellation of this year’s festival.
It comes after the event was axed last Friday (March 6) only a week before the Austin, Texas festival was due to begin, with attendees set to come from all over the world.
As the Austin Statesman reports, SXSW’s parent company SXSW LLC has laid off a third of its 175 full-time employees. In a statement to the Statesman, SXSW LLC said the company “has been rigorously reviewing our operations, and we are in the unimaginable position of reducing our workforce”.
Read more on nme.com
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