AI & Jobs Ticketmaster, May 6: Cut 350 Engineers and Designers a Day After Live Nation Posted +12% Q1 Revenue and a $450M Antitrust Accrual — New Global President Calls AI a 「New Utility」
On May 5, Live Nation reported Q1 revenue of $3.79B, +12% YoY, with a $450M DOJ legal accrual eating the GAAP line. On May 6, Ticketmaster cut 350 jobs — 8% of staff across 25 countries — with the new Global President framing AI as a 「new utility」.