ESPN is undergoing a significant round of layoffs for the first time in three years after taking over NFL Network in April.
Chairman Jimmy Pitaro said in a memo to employees Tuesday morning, obtained by The Associated Press, that most moves are the result of ESPN’s acquisition of NFL Network and other league digital assets last year.
The deal was announced last August and also included NFL Fantasy and the rights to distribute the RedZone channel to cable and satellite operators. In return, the NFL got a 10% equity stake in ESPN.
It was approved by government regulators in January. NFL Network employees became part of ESPN on April 1.
“Over the past several months, we’ve made significant progress integrating the NFL assets that we acquired into ESPN,” Pitaro wrote in the memo. “Throughout this process, we have taken the time to carefully evaluate our collective teams, resources and organizational structure to best position us for the future. As a result, we had to make some difficult decisions about job impacts that we will be communicating today.
