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Report: ESPN Is Laying Off Hundreds Of People
Business Insider ^ | 05/21/2013 | Leah Goldman

Posted on 05/21/2013 9:43:42 AM PDT by SeekAndFind

A tipster told Deadspin that ESPN is planning to lay off more than 400 employees today.

A source at ESPN confirmed to Deadspin that layoffs were planned, and while 400 seemed high, the number of layoffs will be "in the hundreds."

As Deadspin also points out, ESPN may need to cut costs because they have recently gotten rights to several live events (like the US Open Finals) which are very expensive.

ESPN gave us the following statement:

We are implementing changes across the company to enhance our continued growth while smartly managing costs. While difficult, we are confident that it will make us more competitive, innovative and productive.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy
KEYWORDS: espn; layoffs
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To: SeekAndFind

Maybe this would be a good day for all the queer ESPN employees to come out of the closet...might save your job.


21 posted on 05/21/2013 10:03:31 AM PDT by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: Straight Vermonter
I never understood this line of reasoning. Were these people simply being paid without doing anything productive? If so they should have been laid off long ago. Whether or not you bought rights to an event has no bearing on if these employees were creating profit for the company.

Well if ESPN is like 95% of other American companies then actually the productive people will be laid off first.

Most likely ESPN hired a lot of MBA positions like "Senior vice president for global support services”, “Director of Communications for the East Coast”, “Vice President of Mission Related Services”, “Vice President of Administrative Services”, "Director of Diversity Affairs", etc.

The 1st rule MBAs learn is to protect their own, Unfortunately it is SOP of business to first lay off the productive workers while holding on to the high salary but produce little MBAs. American companies will continue this practice pretty much right up until they go out of business I'm afraid.

22 posted on 05/21/2013 10:08:25 AM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: SeekAndFind

Looks like Erin Andrews made a wise move going to CBS Sports, especially since CBS has started it’s own sports channels.

I suspect some of the ESPN talent will end up there.

The on-air talent have contracts, so they are safe until they expire. After that, you can expect their pay to go down significantly, or not renewed.

I don’t know how Tony Kornhieser has managed to stay on. Most irritating sports guy on TV; even worse than Dicky V.


23 posted on 05/21/2013 10:13:52 AM PDT by SeaHawkFan
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To: SeekAndFind

Running scared of Fox Sports 1 already. Cutting costs to try and outbid FS1 for big events.


24 posted on 05/21/2013 10:15:14 AM PDT by Ironfocus
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To: SeekAndFind

Bread and circuses.

First they killed Hostess, and now ESPN?

Riots will happen...


25 posted on 05/21/2013 10:16:51 AM PDT by null and void (Republicans create the tools of opression, and the democrats gleefully use them!)
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To: SeekAndFind

But give them credit (I rarely do) - they have actually increased the profile of Chris Broussard - who many thought would be fired after his pro Christianity comments on Collin’s coming out....


26 posted on 05/21/2013 10:17:05 AM PDT by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
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To: SeekAndFind

Good. ESPN is as leftist as they come.


27 posted on 05/21/2013 10:18:13 AM PDT by LS ('Castles made of sand, fall in the sea . . . eventually.' Hendrix)
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To: SeekAndFind

Fox is launching the Fox Sports 1 channel in August to compete directly with the Elitist Socialist Political Network. Fox plans to air live sporting events vs the liberal taped claptrap that the Bristol, CT klan broadcasts. I’m guessing Fox is undercutting their advertising and cable rates. Fox isn’t hindered by political correctness so the CT klan has to shed employees because they will be losing income.


28 posted on 05/21/2013 10:23:53 AM PDT by VRWC For Truth (Roberts has perverted the Constitution)
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To: SeekAndFind
wtf
I thought the sports entertainment industry was booming . ?
GO SHARKS
29 posted on 05/21/2013 10:27:45 AM PDT by ßuddaßudd (>> F U B O << "What the hell kind of country is this if I can only hate a man if he's white?")
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To: SeaHawkFan
I don’t know how Tony Kornhieser has managed to stay on. Most irritating sports guy on TV; even worse than Dicky V.

You're kidding, right? PTI is the best show on ESPN consistently, with Neal Everett's SportsCenter and some Sports Reporters episodes close. I think Kornheiser is refershing change from all the super young super hipster super thin children they have on that network.

30 posted on 05/21/2013 10:33:24 AM PDT by C. Edmund Wright (Tokyo Rove is more than a name, it's a GREAT WEBSITE)
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To: SeaHawkFan

I thought Erin Andrews went to Fox (or did she move again)?


31 posted on 05/21/2013 10:35:13 AM PDT by Marathoner (Impeach Obama, Holder, Big Sis, and throw in IL Gov Quinn for good measure)
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To: SeekAndFind

Trying to get under fifty to avoid Obamacare rules?


32 posted on 05/21/2013 10:39:56 AM PDT by JimRed (Excise the cancer before it kills us; feed &water the Tree of Liberty! TERM LIMITS, NOW & FOREVER!)
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To: VRWC For Truth

Screw FOX, they took what was a great racing channel and turned it into a reality channel for bottom feeders. They dumped the format that worked and now will have another run of the mill sports channel geared towards the person we at FR abhor, a six pack a day, fat, tated up, idiotic low information, when is payday, stick and ball sports fan.

There is so much stick & ball sports on tv now it is hard to find a channel that has anything else.


33 posted on 05/21/2013 10:40:00 AM PDT by biff (WAS)
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To: Straight Vermonter
Were these people simply being paid without doing anything productive? If so they should have been laid off long ago.

Brings to mind those in government employment during times of weather crisis. Nonessential personnel are directed not to come to work. If they're nonessential, why are they employed?

34 posted on 05/21/2013 10:42:56 AM PDT by JimRed (Excise the cancer before it kills us; feed &water the Tree of Liberty! TERM LIMITS, NOW & FOREVER!)
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To: newfreep

“Are the leftwing racists, Mike Greenberg and Steven A Smith included in layoffs?”
I’m hoping Jalen Rose is included. He was a whiny beotch at MI and has carried it through to adulthood. He’s the most racist person I’ve ever heard on TV and gets adulation for his ghetto attitude.
I forget which collegiate scandal was going on at the time, but when his response was something to the effect that wees godda get more of our people into the AD positions and college president positions to make sure change happens, I turned off ESPN and haven’t gone back.


35 posted on 05/21/2013 10:49:16 AM PDT by ebersole
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To: SeekAndFind

I hope no Christ followers are hurt in this round of layoffs. I can see ESPN targeting Christians.


36 posted on 05/21/2013 10:49:51 AM PDT by SoFloFreeper
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To: SeekAndFind
While difficult, we are confident that it will make us more competitive, innovative and productive.

Massive layoffs always do. </sarcasm>

37 posted on 05/21/2013 10:50:23 AM PDT by DoodleDawg
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To: BookmanTheJanitor

Major League Asskissers.


38 posted on 05/21/2013 10:50:56 AM PDT by SoFloFreeper
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To: Marathoner

You are correct. My error.


39 posted on 05/21/2013 10:51:07 AM PDT by SeaHawkFan
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To: Quick Shot

They just lost English Premier League soccer to NBC.


40 posted on 05/21/2013 10:52:08 AM PDT by dfwgator
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