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Simon Cowell “plans to reduce the size of his company” | Entertainment

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Simon Cowell plans to “shrink” his business.

The 62-year-old music mogul founded Syco Entertainment nearly 20 years ago but is now ditching almost all of his staff as he seeks to focus more on his family life.

A source explained: “Simon has come to a time in his life where he doesn’t want the stress of running a global empire and has therefore made the difficult decision to end Syco. Obviously everyone involved , including Simon, are very sad. It really is the end of an era.”

Simon – who has seven-year-old Eric with Lauren Silverman – wants to focus more of his attention on his family in the years to come.

The TV star’s decision was also influenced by the pandemic and the accident he suffered in August 2020, when he fell off his electric motorbike and broke his back.

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The insider told The Sun newspaper: “Simon made this decision with a heavy heart, but after much deliberation he had to do what is best for him and his family.

“Running his business internationally, particularly during the pandemic and since his cycling accident, has become exhausting and it’s understandable that Simon now wants to focus on other things, and especially his family.”

Simon – who was forced to undergo surgery after falling off his bike – now plans to focus his efforts on his TV work, starting with the new series ‘Britain’s Got Talent’.

The source added: “Simons’ decision will give him more time to focus on what he loves.

“In addition to spending time with his family, he loves ‘BGT’ and its American counterpart ‘Americas Got Talent’ and would love to continue appearing on those and being in front of the camera for years to come.”

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