It’s been a rough year for many due to the global pandemic. Many companies were forced to make tough decisions in response to the financial hurdles presented to them. The latest Disney-owned enterprise to be affected is ESPN.
Unfortunately, ESPN is going through another round of layoffs due to corporate restructuring. The layoffs are the result of parent company Disney making shifts to produce more direct-to-consumer streaming. ESPN will also part ways with some on-air talent once contracts expire. Disney, ESPN’s parent company, announced in September that it was cutting about 25 percent of its workforce due to the COVID-19 pandemic. ESPN president Jimmy Pitaro said the company had reached its limit during the “COVID storm” and had to make a move.
The details of the layoffs were made available by a memo written by ESPN Chairman Jimmy Pitaro.
As you know, we value transparency in our internal dialogue, and that means in both good and challenging times. 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.
– ESPN Chairman Jimmy Pitaro
According to Deadline, the layoffs account for approximately 6% of the company’s personnel. The reorganization will affect people who produce games for ESPN on the road in addition to some on-camera talent whose contracts won’t be renewed.
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