Posted originally on the Conservative tree House on October 10, 2020 by sundance
The NBA championship had historically low viewership; NFL and NASCAR audiences are shrinking faster than Biden’s mental dictionary; and now the Über-woke ESPN announces another round of layoffs to stem the financial bleed. Yup, ‘get woke – go broke‘ continues.
(NJ.COM) – ESPN could lay off hundreds of employees in the coming weeks … One source pegged the potential number of job losses between 300 and 700 employees. Another estimated 400 possible lost jobs.
The cuts are expected to hit hardest among ESPN employees who work behind the camera. But some on-camera TV and radio talents could be impacted — particularly if their contracts are expiring this year. The network may also ask its highest-earning talent and executives to take a reduction in salary. The goal is to potentially cut tens of millions in salary, said sources.
[…] The job cuts would come as Disney — ESPN’s parent company — is bleeding money because of the COVID-19 crisis, which has slashed theme park, cruise ship and movie theatre attendance.
ESPN has shed payroll a few times in the last three years. It went through a pair of purges in 2017, which saw some of the network’s most popular on-air talent and some of its longest-tenured studio production employees receive pink slips. In 2019, ESPN the Magazine was shuttered.