ESPN world headquarters in Bristol CT
Michael McCarthy of Front Office Sports reports Disney has pushed ESPN to cut costs and it could lead to hundreds of employees losing their jobs.
Potential layoffs could be between 300 and 700 employees.
The cuts are expected to hit hardest among ESPN employees who work behind the camera.
On top of that, ESPN may ask its high-paid talent to take salary reductions in an effort to cut “tens of millions in salary.”
ESPN currently employs around 4,000 people in Bristol, Connecticut, with a roster of 6,500 worldwide.
Outkick’s Ryan Glasspiegel was the first to report that cuts could be coming to ESPN.
This would be yet another massive round of layoffs at a company that has seen several similar events over the past five years.
It would be the latest network to slash jobs in the sports sector over the past few moths as revenues have dropped during the COVID-19 pandemic.
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