The Mothership is about to become a little lighter. ESPN is reportedly going through another round of layoffs, and some on air talent is at risk of getting laid off.
CNBC obtained a memo in which the ESPN Chairman announced to staffers that roughly 300 people will be laid off as parent company Disney shifts to more direct-to-consumer streaming. The memo follows internal discussions about layoffs related to Covid-19.
“As you know, we value transparency in our internal dialogue, and that means in both good and challenging times,” Pitaro wrote in the memo. “After much consideration, I have some difficult organizational decisions to share. We will be reducing our workforce, impacting approximately 300 valued team members, in addition to 200 open positions.
Related
- Blonde Ayesha Curry Accused Of Skin Bleaching Following Her Latest Glow Up
- Joe Buck And Troy Aikman Caught On A Hot Mic Mocking The Flyover Prior To Chiefs-Bills
- ESPN’s Maria Taylor Reveals Racist And Insensitive Messages On Twitter From A College Football Fan
- Magic Johnson Kissing a 16 Year Old Janet Jackson Pictures Go Viral
The network, which employs roughly 6,000 people worldwide, also released a statement Thursday from Pitaro confirming the layoffs.
Disney’s stock price was up more than 2% Thursday after the news. With more people cutting the cord, streaming has become Disney’s priority. No one wants to use a cable box these days.
Welcome to the game outside the game! Follow us on our Sideaction Twitter handle, Instagram, and Facebook for the latest on sports and pop culture news across the web!
🔥 Hot from Side Action 🔥
- Lala Anthony Blames Knicks for the ‘Demise of their Relationship’
- Ja Morant Being Linked to Singer Lotto’s Sister Brooklyn
- Rumor: Instagram Model ‘Ayyyejae’ Connected to Phoenix Suns Is Now Pregnant by NBA Player
- Rumor: Jalen Rose Spotted With New Girlfriend Angela Rye
- Spurs Josh Richardson is Dating Former America’s Next Top Model Runner-Up Tatiana Elizabeth
