ESPN Crumbling After Losing $1 Billion, Facing More Layoffs After Thanksgiving
It will not be a happy Thanksgiving for some ESPN employees.
The sports network, which often masquerades as a political opinion site in the Trump era, is facing major cutbacks again due to budget shortfalls.
According to reports, $80 million in salaries will be cut from the network between Thanksgiving and Christmas. Estimates say between 60 and 100 employees will be let go.
The cuts are certainly due to a nearly $1 billion dollar budget shortfall by the Disney-owned network over the last six years. ESPN has lost over 13 million subscribers in the same time.
ESPN staff have become familiar with layoffs in recent years. One hundred employees were let go this April and 300 employees were fired in 2015.
The struggling network has been the center of political controversy over the past weeks and months. SportsCenter host and social justice activist Jemele Hill called President Donald Trump a “white supremacist” and was suspended promoting the boycott of Dallas Cowboys advertisers on her Twitter account.
It seems Americans prefer their sports devoid of long political screeds.