Also Read: ESPN Slashes 500 Jobs in Major Cost-Cutting MoveLast week, ESPN said it would be laying off 300 staffers and scrapping 200 open positions in an effort to shift more resources toward ESPN’s direct-to-consumer business strategy, digital content and “continued innovative television experiences.”“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,” Pitaro said in a Nov.
5 memo. “The pandemic’s significant impact on our business clearly accelerated those forward-looking discussions. In the short term, we enacted various steps like executive and talent salary reductions, furloughs and budget cuts, and we implemented.
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