Posted: 3/7/2017 5:46:13 PM
More layoffs are coming to ESPN, according to a report on Monday from Sports Illustrated's Richard Deitsch.
In October 2015,
ESPN laid off north of 300 employees, mostly behind the scenes people.
Now, Deitsch reports that layoffs will come to "talent" — ESPN parlance
for writers and on-air personalities.
"SI has learned that ESPN
will have significant cost-cutting over the next four months on its
talent side (people in front of the camera or audio/digital screen).
Multiple sources said ESPN has been tasked with paring tens of millions
of staff salary from its payroll, including staffers many viewers and
readers will recognize. Those with contracts coming up would be
particularly vulnerable, sources said."
Deitsch also reports that some contracts will be bought out:
company is also expected to buyout some existing contracts, which is
something rare for ESPN historically beyond a few NFL talents. The cuts
are expected to be completed by June. Sources within ESPN say that there
is no set list of names yet and stressed that behind-the-scenes people
will likely (key word) not be impacted by these cuts."