Sports

Read The Memo ESPN’s President Sent Announcing Laying Off 150 Employees

ESPN Logo (Credit: Getty Images/Robin Marchant)

David Hookstead Sports And Entertainment Editor
Font Size:

ESPN eliminated approximately 150 jobs Wednesday, and the network’s president John Skipper announced the decision in a memo to company employees.

Skipper’s memo reads as follows:

Today we are informing approximately 150 people at ESPN that their jobs are being eliminated.

We appreciate their contributions, and will assist them as much as possible in this difficult moment with severance, a 2017 bonus, the continuation of health benefits and outplacement services. They will also appreciate your support.

The majority of the jobs eliminated are in studio production, digital content, and technology and they generally reflect decisions to do less in certain instances and re-direct resources.

We will continue to invest in ways which will best position us to serve the modern sports fan and support the success of our business.

This is only the latest batch of bad news for ESPN, and it’s not the first time the sports network has laid off tons of employees. Around 100 employees were laid off in April during cuts to the company.

ESPN has lost millions of subscribers over the years, and things don’t appear to be trending upward anytime soon. Stay tuned for more news about the developing situation and names of big time ESPN personalities who might be let go.

Follow David on Twitter