EXPLAINED: ESPN Fires About Twenty Employees, Reason!
ESPN Fires About Twenty Employees: Hello everyone lately we are getting these updates regarding the ESPN layoff so during a statement it was confirmed that it is necessary the cut cost in the area of public-facing commentator salaries which will include a small group of jobs that cut in the short term. Follow Our website TheGossipsWorld Media for the latest updates!!!!!
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ESPN Fires About Twenty Employees
There are several big names that have been a part of this network and they have been fired lately. Make sure that you will be going to read this article till last so that you can get everything about ESPN. This exercise will include a small group of job cuts in the short-term and an ongoing focus on managing costs when we negotiate individual contract renewals in the months ahead,” ESPN said.
ESPN & SPN Tie Up
SPN and ESPN in October 2015 had tied up to launch Sony ESPN and Sony ESPN HD in India. Both channels went on air in January 2016. In 2012 ESPN broke its joint venture of many years with Star India after which it could not operate in India due to a non-compete clause.
Why Did ESPN Fire About Twenty Employees?
All of these commentators are under contract, the person familiar with the matter told CNN, all have an opportunity to explore other options despite their contracts, this person said. But the source stressed that the cuts were simply a matter of cost-cutting, and not related to job performance.
Disney (DIS), which owns ESPN, is laying off 7,000 employees. The person familiar with the plans said that ESPN’s layoffs were unrelated to the broader layoffs at Disney (DIS). Jeff Van Gundy, Suzy Kolber, Jalen Rose, and Steve Young are among roughly 20 ESPN commentators and reporters who were laid off on Friday as part of job cuts by the network.
ESPN Fires About Twenty Employees Reason Explained
CEO Bob Iger says the company remains committed to sport but will be selective. Returning Disney chief executive Bob Iger says the company has no plans to sell ESPN despite creating a dedicated sporting division that will sit alongside its entertainment and amusement park businesses.
Job eliminations are part of an effort by ESPN to meet fiscal goals for this year and beyond. This round took aim at on-air employees with large salaries, with ESPN hoping that such an approach would let it retain more staffers across the platform.
ESPN’s parent company, Disney, previously had three rounds of layoffs with the goal of eliminating 7,000 jobs, which were ordered by the company’s CEO, Bob Iger.
