Famous on-air personalities are among the network’s 20-person staff reduction in the ESPN layoffs.

ESPN Layoffs

ESPN Layoffs:

ESPN layoffs: In order to reach its financial goals, the famous Disney-owned sports network has reportedly started laying off 20 employees. The network is targeting its highest-paid employees—the on-air commentators—for this round of cost-cutting layoffs. As part of the network’s employee layoffs on Friday, some 20 ESPN commentators and reporters were laid go, including Jeff Van Gundy, Suzy Kolber, Jalen Rose, and Steve Young.

Max Kellerman, Keyshawn Johnson, and NBA analysts Jeff Van Gundy and Jalen Rose have all been cut thus far. Suzy Kolber, an ESPN anchor, and Steve Young, an NFL analyst, will both be let go. Matt Hasselbeck and NFL drafting analyst Todd McShay, both of whom have been for ESPN since 2006, have both been fired. Bob Iger, the CEO of Disney, stated in February that the business will eliminate or decrease 7,000 employment.

The process of finding more cost cuts in the area of public-facing pundit compensation has started because of the present situation, according to a statement from ESPN. A modest number of job cutbacks will be made in the near future as part of this effort, and cost management will continue to be a top priority as we discuss individual contract renewals in the coming months.

The network, according to CNBC, does not intend to extend the contracts of more on-air staff when their contracts expire, in addition to this wave of layoffs.

ESPN Layoffs

In 2007, Van Gundy, a former head coach of the Houston Rockets and the New York Knicks, joined ESPN. Rose has participated on “NBA Countdown” on ESPN for more than ten years. The notice made on Friday was similar to the one made in April 2017 informing hosts and reporters that they would be leaving the broadcast.

The New York Post stated that Johnson signed a five-year contract for around $18 million last year and will be able to earn the whole amount despite being laid off. The Post stated that Kellerman earned almost $5 million annually.

The network stated that “this is an incredibly difficult process, involving people who have had tremendous impact on our company.” These challenging choices, which prioritise efficiency above merit, will enable us to reach our financial goals and secure future development. ESPN has decided it’s vital to find some extra cost savings given the present situation.

Leave a Reply

Your email address will not be published. Required fields are marked *