Last week, the city council confirmed that the company created to deliver events during the Year of Culture would close.
A new in-house cultural unit will be set up in its place and the city council hopes to offer employees new roles within the local authority.
The council has not ruled out redundancies among the 100 staff at the Culture Company but it hopes some will be offered roles within the new business unit or be redeployed elsewhere.
Officials will not say how many would get jobs in the new unit.
Around 140 staff are employed by the Culture Company - although about 30 work for the tourist information service which is also being reviewed.
Chief executive Colin Hilton told the Liverpool Daily Post that discussions were underway over the budget.