Sometime after THANKSGIVING, but; before CHRISTMAS 2017, international cable sports network ESPN is scheduled to layoff over 100 staffers!!!
The layoffs will affect ESPN across the network including on-air personalities, directors, producer, digital, and, technology staff.
This will NOT be the first time that the network has dropped the axe o a large number of employees. It will also NOT be the greatest layoff in the history of the franchise.
In october 2015, ESPN played off over 300 employees, including many who has been there since the founding, and; were considered to be a part of the very foundation of the organization.
SPORTS ILLUSTRATED reports last April, ESPN eliminated around 100 journalists and on-air personalities. At that time the company said: “A necessary component of managing change involves constantly evaluating how we best utilize all of our resources, and that sometimes involves difficult decisions.”
ESPN continues to be impacted by the changing habits of consumers including cord-cutting and cord-nevers (those who have never purchased a cable subscription) as well as the rising costs of sports rights. The network has dropped in households from 100.13 million in 2011 to an estimated 87.5 million households today.
Part of the reason ESPN will conduct the moves in late November/early December, two sources said, is to get employees an additional year in the stock vesting program.
Last month Michael McCarthy of Sporting News first noted a round of layoffs were coming to ESPN.
If you have endured layoffs at your place of employment, you know how extraordinary awful they are. Multiple ESPN employees in speaking with SI said the atmosphere in Bristol is tense, especially in the SportsCenter division. Asked to characterize how employees are feeling, one longtime on-air anchor offered one word: “Queasy.”