ESPN could be laying off hundreds of employees in the next few weeks, sources told FOS. Up to 700 employees could be let go, which will mostly hit behind-the-camera jobs — but could include some TV and radio talent as well.
Along with trimming staff, the network might ask high-earners to take a pay cut. ESPN’s parent company, Walt Disney Co., recently laid off 28,000 theme park employees.
Companies across sports media have dealt with layoffs in part to help offset the loss of revenue from the COVID-19 pandemic and sports shutdown.
Sports Media Pandemic Layoffs:
Fox Sports: 5-10% of its staff
Sports Illustrated: 6% of its staff
Vox Media (SB Nation): 9% of its staff in April, additional 6% in July
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