South by Southwest says it had to lay off about a third of its full time staff. This comes after the festival’s recent cancellation over coronavirus concerns.
The organization issued a statement saying in part, "Due to the City of Austin’s unprecedented and unexpected cancellation of the SXSW 2020 events in March, SXSW has been rigorously reviewing our operations, and we are in the unimaginable position of reducing our workforce. "