As has been widely reported for the past few weeks, ESPN has let go 150 employees. The sports network has been making cuts to try to keep up with declining revenue due to lost subscribers. It doesn’t appear any cuts were made on the radio side. ESPN President John Skipper said the cuts were made in studio production, digital content, and technology. Wednesday’s cuts mark the third major round of layoffs at the company in the past 25 months. ESPN let go of roughly 300 employees in Oct. 2015 and laid off another 100 in April.
Here’s Skipper’s message to ESPN employees, which was posted on the ESPN website Wednesday: “Today we are informing approximately 150 people at ESPN that their jobs are being eliminated. We appreciate their contributions, and will assist them as much as possible in this difficult moment with severance, a 2017 bonus, the continuation of health benefits and outplacement services. They will also appreciate your support. The majority of the jobs eliminated are in studio production, digital content, and technology and they generally reflect decisions to do less in certain instances and re-direct resources. We will continue to invest in ways which will best position us to serve the modern sports fan and support the success of our business.”