There’s no doubt that ESPN is the Worldwide Leader in Sports. The cable television behemoth can be found in over 76 million homes in America and is worth upwards of $40 billion.
But, like any cable television station over the past decade, the changing landscape has made things more difficult as people cut the cord. That 76 million figure is much less than it was a decade ago.
Still, it’s the home of sports. Whether it’s college football, Monday Night Football, the NBA, or the other sports properties ESPN holds, it’s likely we all find ourselves there. But, over the past 10 years, some of the company’s biggest stars, like Mike Golic, Tom Rinaldi, Kenny Mayne, and many others have left as ESPN cuts back on salaries.
And, now, it seems more layoffs could be coming.
NEWS: ESPN is planning layoffs and there are no "sacred cows," according to sources.
Full details in column https://t.co/Q3dWqndIDe
— Andrew Marchand (@AndrewMarchand) March 20, 2023
Here are more details, courtesy of the article.
ESPN’s latest round of layoffs will have “no sacred cows,” meaning everybody from top on-air people to big-time executives are being scrutinized with the cuts expected to be finalized in the next four to six weeks, The Post has learned.
The moves are a part of layoffs that Disney’s CEO Bob Iger announced were coming across all of the company’s units. Last month, Iger said that 7,000 jobs would be eliminated across the board.
At the direction of ESPN chairman Jimmy Pitaro, heads of departments have been told to scrutinize their divisions to make them as efficient as possible. At this time, there is no target number for how many millions that ESPN must save or how many employees will be let go, according to sources. ESPN declined to comment.
Iger was the longtime CEO of Disney, which is the parent corporation of ESPN. He returned to the company out of retirement last year with the mandate to cut costs after the pandemic. And, he’s doing just that.