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ESPN Will Lay Off 350 Employees Starting Today

Some drastic cuts are coming in Bristol, beginning as early as today. ESPN is planning to lay-off 350 employees, according to Bloomberg News

ESPN confirmed the "organizational changes" in a press release, which can be seen in full here and is excerpted below. 

Beginning today, we will be enacting a number of organizational changes at ESPN to better support our future goals – a process that will include the elimination of a number of positions, impacting friends and colleagues across the organization.

We carefully considered and deliberated alternatives before making each decision. The people who will be leaving us have been part of ESPN’s success, and they have our respect and appreciation for their contributions. We will be as supportive as we can during this transition, including providing a minimum of 60-days notice, a severance package reflective of their years of service, and outplacement benefits to help them find future employment.

[...]

No matter how many times we’ve adjusted course to lead the industry over the years, the decisions affecting our employees are never made lightly. It never gets any easier, but it’s a necessary part of our continued strategic evolution to ensure ESPN remains the leader in sports as well as the premier sports destination on any platform.

I realize this process will be difficult – for everyone – but we believe the steps we are taking will ultimately create important competitive advantages for our business over the long term. I sincerely appreciate your professionalism and continued support as we move forward to ensure the continued success of ESPN and assure sports fans everywhere the best is yet to come.

Lay-offs are never fun, and they're especially jarring to see at a place such as ESPN. Best wishes to any ESPN employees who lose their jobs in the coming days. 

[ Awful Announcing ]