ESPN To Layoff 300…

ESPN
BobLee
September23/ 2015

The Worldwide Leader in Politically Correct Sports – ESPN – will be laying off up to 300 in the coming months as “cable cutting” continues to take its toll on its “bottom-line”.

The Big Bosses at Disney are ordering CEO John Skipper (UNC75) to reduce expenses in the wake of more and more and more Americans chose TV-watching options other than cable / satellite.   The days of “a la carte” cable channel selection draws nearer and nearer.

How many of ESPN’s over 100 VPs and/or UNC alumni will be effected was not announced.

“No longer televising NC State games is certainly an option” Skipper (UNC75) might have said…. “but we will probably drop Duke first since they are our #1 rival.”

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REPORT: ESPN to lay off 200-300 employees

ESPN is planning to lay off close to 300 employees in the coming months, Jason McIntyre of The Big Lead reported Tuesday.

These will be the first layoffs at the Worldwide Leader since 2013, and, as McIntyre notes, they are not likely to be the last.

Disney, ESPN’s parent company, has reportedly asked ESPN to trim $100 million of their budget in 2016 and $250 million in 2017 in preparation for a massive NBA TV deal. The upcoming layoffs will reportedly save ESPN $30-40 million annually

In a statement to The Big Lead, ESPN said:

ESPN has historically embraced evolving technology to smartly navigate our business. Any organizational changes will be announced directly to our employees if and when appropriate.

McIntyre also reports that changes will be coming to SportsCenter. ESPN is planning to cut the Monday-Friday 1-3 pm show in half and will also remove the 3-6 pm live show.

We reached out to ESPN, who provided the same statement:

ESPN has historically embraced evolving technology to smartly navigate our business.  Any organizational changes will be announced directly to our employees if and when appropriate.

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Doug
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Doug

Back on subject. In the early 90’s the company I worked for figured out, with the help of McKinsey & Company, that eliminating VP’s, SVP’s, and Sr. Director’s, provided far greater bang for the buck $$$’s Vs. getting rid of lower ranking employees in terms both of present and future costs. There was a corner office bloodbath that happened over a period of about three months. It also improved employee morale of the rank and file that did the actual work. I watched as my boss was escorted off the premises kicking and screaming. For the most part the survivors… Read more »

Doug
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Doug

“When you come to a fork in the road take it.” LPB