News: Disney-owned ESPN cutting hundreds of jobs: Source

C-Suite

Disney-owned ESPN cutting hundreds of jobs: Source

ESPN, the sports channel that is Walt Disney Co's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a person with knowledge of the cuts said. The job cuts, comprising 4 to 6 percent of ESPN's staff of 7,000, include open positions that will not be filled, said the source, who asked not to be named because the information is not public.

ESPN, the sports channel that is Walt Disney Co's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a person with knowledge of the cuts said. The job cuts, comprising 4 to 6 percent of ESPN's staff of 7,000, include open positions that will not be filled, said the source, who asked not to be named because the information is not public.

But ESPN will continue hiring for other open positions, the person said. The channel has recently won rights to exclusive coverage of the U.S. Open Tennis tournament, and is starting a new channel focused on U.S. Southeastern Conference college football.

The Denver office only has "a handful" of employees, the person noted.

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Topics: C-Suite, #Updates

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