ESPN will layoff additional 150 employees
ESPN announced Wednesday that an additional 150 employees will be laid off from the sports broadcasting giant.
ESPN has been hit with layoffs throughout 2017, including some major on-air sportscasters and journalists.
ESPN president John Skipper sent this message to employees this morning:
Today we are informing approximately 150 people at ESPN that their jobs are being eliminated.
We appreciate their contributions, and will assist them as much as possible in this difficult moment with severance, a 2017 bonus, the continuation of health benefits and outplacement services. They will also appreciate your support.
The majority of the jobs eliminated are in studio production, digital content, and technology and they generally reflect decisions to do less in certain instances and re-direct resources.
We will continue to invest in ways which will best position us to serve the modern sports fan and support the success of our business.
The last time ESPN had layoffs was in 2015. Keith Olbermann and Bill Simmons, both of whom had expensive contracts, were among the big names who were cut loose.
Later that year, ESPN also laid off about 300 employees -- roughly 4 percent of the network's global workforce. During those layoffs, hosts, reporters and commentators generally weren't affected. ESPN also had a round of layoffs in 2013.
The cuts came as growing numbers of viewers unsubscribed from the cable channel, even with ESPN paying for costly long-term TV deals with pro sports leagues.
At the time of the 2015 cuts, it was reported that ESPN was told by its parent company, Disney, to "trim $100 million from the 2016 budget and $250 million in 2017."
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