ESPN began a new round of layoffs Wednesday and nearly 100 employees, including many well-know on-air personalities are being let go. The company is placing an increased focused on its ESPN App with a “multi-screen approach around big events.”
As the biggest name in the sports industry, the network has recently lost more than 10 million subscribers over the past few years while the cost of broadcasting has continually risen for the company. ESPN committed to a 10-year, $15.2 billion deal with the N.F.L. in 2011; a nine-year, $12 billion deal with the N.B.A.; and a $7.3 billion deal for the college football playoffs,
ESPN President, John Skipper, released a memo noting that the network’s new talent lineup will be announced soon.
“Dynamic change demands an increased focus on versatility and value, and as a result, we have been engaged in the challenging process of determining the talent – anchors, analysts, reporters, writers and those who handle play-by-play – necessary to meet those demands, ” Skipper wrote to employees. “We will implement changes in our talent lineup this week. A limited number of other positions will also be affected and a handful of new jobs will be posted to fill various needs.”
Many of those affected by the layoff took to social media to share the news.