More layoffs are coming to ESPN, according to multiple reports.
The Worldwide Leader in sports is reportedly going to have another round of layoffs, and this one will include a number of familiar faces.
Sports Illustrated's Richard Deitsch says ESPN will have "significant" cost-cutting.
SI has learned that ESPN will have significant cost-cutting over the next four months on its talent side (people in front of the camera or audio/digital screen). Multiple sources said ESPN has been tasked with paring tens of millions of staff salary from its payroll, including staffers many viewers and readers will recognize. Those with contracts coming up would be particularly vulnerable, sources said. The company is also expected to buyout some existing contracts, which is something rare for ESPN historically beyond a few NFL talents. The cuts are expected to be completed by June. Sources within ESPN say that there is no set list of names yet and stressed that behind-the-scenes people will likely (key word) not be impacted by these cuts.
Clay Travis of Outkick the Coverage says ESPN will have to cut nearly $100 million in talent.
Now new jobs cuts are coming, only this time you're likely to know some of the casualties -- Outkick has heard from a variety of different sources that ESPN is cutting up to $100 million in on-air salaries.
Yep, on air. This means you're going to know many of the people leaving the network.
ESPN's last round of big layoffs came in 2015, when it cut more than 300 employees, most of which were behind-the-scenes people.