Simon Cowell set to downsize SyCo firm to ‘focus on family’ following engagement news

express.co.uk:

Simon Cowell formed the company back in 2004, and despite its enormous success over the past two decades, the music mogul is said to want to focus more of his attention on family life.The timing couldn't have been better following the recent news of Simon's engagement to Lauren Silverman during the couple's getaway trip to Barbados last month.The 62-year-old's bike accident in 2020 is also believed to have played a part in his decision to scale down on his business.Various staff members are expected to leave as a production source described it as "the end of an era"."The experience and launchpad Syco gives its employees is completely unique and working alongside Simon is a huge opportunity – he has given so many careers and opportunities to so many people, both off-screen and on-screen," the source told Mail Online."It's not just the UK, but with shows they make all over the world, he indirectly opens the door for so many people."I know Simon is an incredible mentor, and working with him has taken so many people to the very top of the entertainment business all over the world."Though SyCo is downsizing in the coming months, the source insisted that his employees will continue to excel in their careers because working for Simon has made them "the very best in the business".It's further said that his employees won't be struggling to find a new job because of the connections they would have made by working for the father-of-one, who has provided resources for his team that could see them helm a position anywhere in the entertainment industry.The source asserted that working for Simon was unlike working for an ordinary boss because Simon valued everyone working under his company."Simon's a very inspiring and loyal company.