Prospective operator of Cork events centre lays off 2,000 staff

Concerts and events giant Live Nation, the would-be operator of Cork’s long-mooted events centre, has laid off a fifth of its staff as it grapples with a decimation of its finances due to Covid-19.

More than 2,000 of its 10,500 staff have been furloughed as the live events behemoth deals with the cancellation and postponement of more than 6,000 of its scheduled shows.