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ESPN's continuing problems with cord cutting and sagging ratings will likely result in more layoffs before the end of the year. Reports indicate that ESPN is eliminating 150 production and technical employees as the sports broadcasting giant continues to pay the price for years of ignoring the obvious shift away from bloated, traditional cable bundles toward skinny bundles and over the top streaming alternatives. These latest layoffs come on the heels of a massive swath of additional layoffs earlier this year, including many top reporters at the channel.
The company has lost more than 10 million viewers in just the last few years as users increasingly flock to traditional cable alternatives, or traditional cable lineups that exclude sports.
"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 re-direct resources," ESPN president John Skipper wrote in memo to employees this week. "We will continue to invest in ways which will best position us to serve the modern sports fan and support the success of our business."
Most of the executives actually responsible for failing to see cord cutting coming (like Skipper) remain employed, despite their failure to help ESPN adapt to the streaming video era.
READ MORE:https://www.dslreports.com/shownews/ESPN-Lays-Off-Another-150-As-Cord-Cutting-Woes-Continue-140789
