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ESPN to cut 350 jobs

0 HS
toad1204's picture
October 21, 2015 at 10:10am
49 Comments

http://money.cnn.com/2015/10/20/media/espn-layoffs/index.html

An ESPN representative declined to comment on Tuesday evening. Earlier in the day Bloomberg News reported that up to 350 employees, or 4.3% of its 8,000 positions, will be affected.

The layoffs are seen as both a reaction to, and preparation for, wrenching changes in the cable television business. Cable channels like ESPN, which depend on subscriber fees, have been pinched by the small but growing number of viewers unsubscribing.

"in September that Disney had told ESPN to "trim $100 million from the 2016 budget and $250 million in 2017."

I can think of a couple trolls "reporters" whom I believe deserve to be let go.

 

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