"a new utility" — May 6, 2026: ~350 employees (~8% of global staff) across 25 countries, primarily engineering, product and design, plus contractor reductions; no US-only figure stated. Global President Saumil Mehta's memo framed the restructuring around AI — calling AI 'a new utility' that 'changes how consumers buy, how organizations function' — while giving 'stronger prioritization' and flattening org layers as the stated purpose; borderline attribution: company invoked AI as the driver context but did not say AI replaced the roles. Came a day after Live Nation reported Ticketmaster Q1 revenue up 10%.