ESPN Plans to Layoff Around 300 People, Disney Eyes Streaming Growth
Posted on 11/05/2020
Sports media giant ESPN is going through another round of layoffs. ESPN plans to lay off around 300 people. ESPN also plans to save money by parting with some on-air talent once employment contracts expire.
ESPN is owned by The Walt Disney Company. The Disney company is focusing more on direct-to-consumer streaming content.
In addition, Walt Disney World is laying off 11,350 workers as the Orlando theme park’s financial problems continue amid a COVID-19 period.