ESPN is Laying Off Another 150 Employees

 

ESPN's logo.

ESPN has long been an industry leader in cable TV sports programming, but it’s fallen on tough times lately. The network announced Wednesday that it was laying off 150 people, marking the second major series of cuts it’s had to make this calendar year.

“Today we are informing approximately 150 people at ESPN that their jobs are being eliminated,” said ESPN President John Skipper. “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 redirect resources.”

This round of job cutbacks comes shortly after the network’s April announcement that it was laying off 150 people. That move included ousting a number of prominent on-air personalities, including former pro football players Trent Dilfer and Danny Kanell. This round of layoffs is directed more toward behind-the-scenes employees at ESPN. The company also let about 300 employees go back in October 2015.

These layoffs come amid a series of major business challenges for ESPN. First and foremost, the network has had to deal with declining revenue from subscribers as the number of people paying monthly fees for cable TV packages continues to decrease. This trend has led to tens of millions of dollars in lost revenue.

While job losses have been ongoing for over two years now, ESPN continues to look for ways to keep the ship afloat. For instance, the network is planning to open a new studio in New York in 2018, where it will host both a morning show and an afternoon opinion show as a way of bringing in new streams of revenue. Additionally, the network is looking to capitalize on the popularity of social media with a new Snapchat version of “SportsCenter.” This will offer sports fans a way to watch game highlights on their smartphones without having to watch traditional cable TV.

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ESPN Facing Major Layoffs

A photo of an ESPN microphone.

Photo credit: Leonard Zhukovsky / Shutterstock

ESPN is the latest organization to be hit by the digital craze. The sports network is laying off 100 employees this week (mostly on-air talent) hitting every facet of the organization as ESPN is moving toward a mostly digitized medium.

Sources say the decision comes after an increasing amount of costs and decreasing number of cable subscribers have cut into its bottom line. For a network that has spent billions of dollars in deals with major sports teams and events, layoffs are no surprise to anyone. So who is getting hit? Well, some big names at the network.

Yesterday, Deadspin posted a number of tweets from ESPN anchors, writers, and reporters who were given the bad news, some of who worked at the network for decades.

NFL Reporter Ed Werder was one of the first to go.

“After 17 years reporting on #NFL, I’ve been informed that I’m being laid off by ESPN effective immediately. I have no plans to retire,” he tweeted.

“SportsCenter” Anchor Jay Crawford, Big Ten Reporter Brian Bennett, and MLB Writer Jayson Stark are some of the other talent who are now gone. College Basketball reporter C.L. Brown found out about his firing while on vacation.

ESPN President John Skipper noted how difficult this decision was, thanking the former employees for their “great work” and “many contributions,” yet made it clear that the layoffs had to be done.

“Dynamic change demands an increased focus on versatility and value,” Skipper stated, “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.”

Many of the people laid off were at the end of their contracts and unwilling to take a massive pay cut. The rest of which were bought out of their contracts.

68 Macy’s Stores Are Closing

A picture of a Macy's sign.

Photo credit: Osugi / Shutterstock

After experiencing disappointing holiday sales, Macy’s has decided to close 68 stores. As a result, nearly 4,000 employees will be laid off. But that’s not all. There are even more closures to come.

Macy’s has laid out a long-term plan to close 100 stores in the next couple of years. That means that even more people will lose their jobs. In the mean time, the 68 stores that will be closing almost immediately will have liquidation sales that begin on Monday, January 9. The sales are expected to last anywhere from 6-12 weeks.

Here is a list of stores that will be closing, listed first by state and then by specific locale:

California:

  • Paseo Nuevo, Santa Barbara
  • Simi Valley Town Center, Simi Valley
  • Mission Valley Apparel, San Diego

Florida:

  • Lakeland Square, Lakeland
  • Oviedo Marketplace, Oviedo
  • Sarasota Square, Sarasota,
  • University Square, Tampa
  • CityPlace, West Palm Beach

Georgia:

  • Georgia Square, Athens

Idaho:

  • Nampa Gateway Center, Nampa

Illinois:

  • Alton Square, Alton
  • Eastland, Bloomington

Kentucky:

  • Greenwood, Bowling Green
  • Jefferson, Louisville

Louisiana:

  • Esplanade, Kenner

Maine:

  • Bangor, Bangor

Massachusetts:

  • Westgate, Brockton
  • Silver City Galleria, Taunton

Michigan:

  • Lakeview Square Mall, Battle Creek
  • Eastland Center, Harper Woods
  • Lansing, Lansing
  • Westland, Westland

Minnesota:

  • Minneapolis Downtown, Minneapolis

North Carolina:

  • Carolina Place, Pineville
  • Northgate, Durham

North Dakota:

  • Columbia, Grand Forks

New Jersey:

  • Moorestown, Moorestown
  • Voorhees Town Center, Voorhees
  • Preakness, Wayne

New Mexico:

  • Cottonwood, Albuquerque

Nevada:

  • Las Vegas Boulevard, Las Vegas

New York:

  • Douglaston, Douglaston
  • Great Northern, Clay
  • Oakdale Mall, Johnson City
  • The Marketplace, Rochester

Ohio:

  • Eastland, Columbus
  • Sandusky, Sandusky
  • Fort Steuben, Steubenville
  • Mall at Tuttle Crossing, Dublin

Oklahoma:

  • Promenade, Tulsa

Pennsylvania:

  • Neshaminy, Bensalem
  • Shenango Valley, Hermitage
  • Beaver Valley, Monaca
  • Lycoming, Muncy
  • Plymouth Meeting, Plymouth Meeting
  • Washington Crown Center, Washington

Oregon:

  • Downtown Portland, Portland
  • Lacaster Mall, Salem

Texas:

  • Parkdale, Beaumont
  • Southwest Center, Dallas
  • Sunland Park, El Paso
  • Greenspoint, Houston
  • West Oaks Mall, Houston
  • Pasadena Town Square, Pasadena
  • Collin Creek, Plano
  • Broadway Square, Tyler

Utah:

  • Layton Hills, Layton
  • Cottonwood, Salt Lake City

Virginia:

  • Landmark, Alexandria
  • River Ridge, Lynchburg

Washington:

  • Three Rivers, Kelso
  • Everett, Everett

Wisconsin:

  • Oakwood Mall, Eau Claire
  • Valley View, La Crosse
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