StubHub has reportedly laid off more than 100 employees from its offices in California.
BizJournals.com indicated the number of impacted employees at 102, primarily in San Jose.
The alleged layoffs come ahead of the closing date of Viagogo’s buyout of the eBay-owned company. Viagogo acquired the ticketing company in November for $4.05bn in the resale market’s biggest deal ever. The sale is expected to close by the end of the first quarter of 2020, subject to regulatory approval and customary closing conditions.
The deal has been widely criticised and is being investigated by competition watchdogs such as the UK’s Competition and Markets Authority (CMA). In December, it launched a phase 1 investigation into the merger, and is looking into whether the deal will result in a “substantial lessening of competition within the market,” by looking at the provisions of the Enterprise Act 2002.
Viagogo chief executive is Eric Baker, who is also the co-founder of StubHub, which he left before the business was sold to eBay for $310m in 2007.