In addition to the layoffs, the company is planning to leave about 200 vacant positions unfilled. ESPN did not say how many of the job cuts would come at its Bristol,...
https://www.marketwatch.com/story/espn-eliminating-500-jobs-including-300-layoffs-01604616909
ESPN eliminating 500 jobs, including 300 layoffs
Cable network has been hurt by pandemic’s toll on sports
ESPN announced Thursday it is eliminating about 500 jobs worldwide, including about 300 through layoffs.
In addition to the layoffs, the company is planning to leave about 200 vacant positions unfilled.
ESPN did not say how many of the job cuts would come at its Bristol, Connecticut, campus, but said they would not be concentrated in any one area. On-air talent, the vast majority having personal contracts, is not expected to be heavily affected. But some of those contracts could be allowed to expire.
The company said it has more than 5,000 employees, including about 4,000 in Bristol.
The Disney
DIS,
+0.73%
subsidiary has recently been moving toward more direct-to-consumer offerings, including its ESPN+, a streaming service that has grown to about 8.5 million subscribers.
Pitaro said the discussions on how to reposition the company in a changing media landscape predate COVID-19, but said the pandemic had accelerated those discussions.
The layoffs come three years after ESPN cut about 250 jobs, including journalists and on-air talent.
Starbucks has unveiled this year's collection of holiday cups, which will be available along with seasonal coffee flavors, at locations in the U.S. and Canada starting Friday.
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