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ESPN Lays Off 150 Employees

Becoming unemployed is never a good thing, but during the holiday season it makes a bad situation even worse. ESPN recently announced they have let 150 employees go. President John Skipper has released a statement in which he said he would give the former employees severance, a 2017 bonus, and health benefits.

Via ESPN:

EDITOR’S NOTE: ESPN President John Skipper shared this message with employees this morning.

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.