/// ESPN Lays Off More Than 100 Employees
ESPN on Tuesday began making a significant reduction of its work force, laying off more than 100 employees at its Bristol, Conn., headquarters and in at least one regional technology center. While a precise headcount has not been confirmed, sources said as many as 150 people have been let go, a number that includes open positions that will not be filled. Some 4,000 employees work at the Bristol campus. All told, the company employs 7,000 workers worldwide. ESPN acknowledged the layoffs in a statement released this afternoon: “We are implementing changes across the company to enhance our continued growth while smartly managing costs. While difficult, we are confident that it will make us more competitive, innovative and productive.” The last time ESPN made deep cuts in payroll was in May 2009, when approximately 100 staffers were laid off and 200 vacant positions were left open. The layoffs come on the heels of a record day on Wall Street for ESPN parent Walt Disney Co. On May 7, shares soared to a record $66.07 as the company delivered better-than-expected FY Q2 earnings.
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ESPN Lays Off More Than 100 Employees