ESPN is preparing to lay off several hundred employees in the coming weeks, according to multiple reports.
The axe is likely to fall mostly on off-air, behind the camera personnel, but could also affect some on-air talent as well, Front Office Sports and Outkick the Coverage wrote this afternoon. The cost-cutting is a byproduct of the ongoing COVID-19 pandemic.
“The network may also ask its highest-earning talent and executives to take a reduction in salary,” Front Office Sports’ Michael McCarthy said. “The goal is to potentially cut tens of millions in salary, said sources.”
ESPN has already undergone multiple rounds of layoffs in recent years. In 2015, the company slashed over 300 jobs, mostly behind-the-scenes workers.
However, in 2017, the network laid off over one hundred writers, reporters and on-air radio and television personalities, including several high-profile names. Danny Kanell, Trent Dilfer, Jay Crawford, Jaymee Sire, Andy Katz, Britt McHenry and Jane McManus were some of those let go.
SOURCES: ESPN could potentially lay off hundreds of employees in the coming weeks. The potential job cuts are expected to hit hardest behind the camera but on-air talent could be impacted too.https://t.co/exE6sFWBXv
— Michael McCarthy (@MMcCarthyREV) October 7, 2020
ESPN reportedly employs 4,000 people at its headquarters in Bristol, Conn., and 6,500 worldwide.
Obviously, we’re hoping the layoffs will be minimal, but early indications are things could get ugly at the Worldwide Leader.
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