By Tyler Durden | 9 November 2020
ZERO HEDGE — ESPN is cutting another 500 jobs as pressures from the Covid-19 pandemic are weighing on the sports network. Apparently, the restart of almost all major sports — albeit draped in political messaging for the last 6 months –– hasn’t been enough to save the network from a fresh round of layoffs.
The network is blaming the coronavirus, naturally, because it certainly can’t blame its own politicized discussions during almost every major sporting event it has broadcast over the last few months.
A memo circulated on Thursday from Jimmy Pitaro, the head of ESPN, said the cuts will include 300 layoffs and the elimination of another 200 open positions. The company has 5,000 employees worldwide, according to the LA Times.
The memo said: “Prior to the pandemic, we had been deeply engaged in strategizing how best to position ESPN for future success amidst tremendous disruption in how fans consume sports. The pandemic’s significant impact on our business clearly accelerated those forward-looking discussions.” […]