ESPN layoffs 7000 workers

Sports media giant ESPN has given pink slips to nearly 7,000 employees on Tuesday, the network said in a statement.

The Bristol, Connecticut-based company said it was looking at the financial bottom line.

In a statement the company said that they were implementing changes across the company to enhance their continued growth while smartly managing costs.

It added that while difficult, they were confident that it would make them more competitive, innovative and productive.

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via ESPN layoffs 7000 workers as TV rights fees rise | Business Standard.