A source within ESPN has revealed plans for a massive layoff of at least 100 employees, including on air talent, writers, and those working behind the scenes.
Although ESPN has declined to comment officially, rumor has it the layoff are stemming from the network’s declining viewership, combined with the billions (yes, billions, with a “B”) they have spent over the past few years on securing rights deals with college conferences and bowl games, not to mention professional sports leagues.
Although no official word has come down, an internal memo to employees from ESPN’s president, John Skipper, is said to have stated:
“These decisions impact talented people who have done great work for our company. I would like to thank all of them for their efforts and their many contributions to ESPN.”
ESPN currently employs about 8000 people worldwide. Look for official announcements on firings later this week.