150 Jobs Being Eliminated During ESPN’s Latest Layoffs
BRISTOL, Conn. (AP) — ESPN says it is eliminating 150 studio and production employees as the sports broadcasting giant continues to shift its focus to a more digital future.
The layoffs were announced Wednesday morning in a memo to employees. The company they don't include on-air talent and will have a minimal impact on the network's signature SportsCenter news program.
The 38-year-old network has been squeezed by rising fees to broadcast live events. ESPN also has lost about 10 million subscribers during the past six years, based on estimates by Nielsen Media Research.