Sports TV network ESPN announced a new round of layoffs Wednesday, bringing the network’s total number of 2017 job cuts to 250.
ESPN President John Skipper announced Wednesday that 150 employees will be let go.
Skipper revealed that the employees who will be laid-off worked in “studio production, digital content, and technology,” according to Fox News.
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“We appreciate their contributions, and will assist them as much as possible in this difficult moment with severance, a 2017 bonus, the continuation of health benefits and outplacement services,” he added.
Skipper said the network plans to invest in ways to “best position us to serve the modern sports fan and support the success of our business.”
The announcement drew a reaction on Twitter.
In April, ESPN laid off 100 employees. In October 2015, the network had laid off 300 workers.
However, the mammoth sports conglomerate still employs roughly 8,000 people around the world.
CNN reported that ESPN is facing a fiscal bind because it is trying to move into the world of digital programming as viewers unsubscribe from cable packages while also maintaining commitments to costly long-term deals with various leagues.
Nielsen Media Research has estimated that ESPN has lost about 10 million subscribers over the past six years, the Chicago Tribune reported.
ESPN has responded by developing what it calls “ESPN+”, an app-based service in which viewers can watch events on a game-by-game basis.
ESPN is also planning to open a new studio in New York City and add two shows — one featuring personalities Mike Greenberg, Michelle Beadle and former professional basketball player Jalen Rose — and another starring Bomani Jones and Pablo Torre.
As part of its plans to streamline and merge news-gathering operations, ESPN has said changes will also be coming to their flagship television program, “SportsCenter.”
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