Aug 26 : LIV Golf said on Wednesday it has laid off the majority of its workforce while it continues to secure funding for its next iteration with financial backing from Saudi Arabia's Public Investment Fund set to expire.The PIF has poured more than $5 billion into LIV Golf since the breakaway circuit launch

The Saudi PIF has ended its funding of LIV after spending roughly $6 billion on the golf circuit since launching it in 2022.

The golfing upstart was able to pull big stars away from the PGA Tour, but ultimately struggled to attract TV deals, sponsors and fans.