Read the memo from ESPN's chairman explaining its new round of layoffs
ESPN is undergoing a new round of layoffs following the integration of NFL assets acquired earlier this year. Chairman Jimmy Pitaro stated that the restructuring is intended to optimize the network's organizational efficiency for future operations.
Why it matters
Reflects broader trends of consolidation and cost-cutting within the sports media industry as traditional broadcasters adapt to new business models.
ESPN Chairman Jimmy Pitaro explained in a memo why the network is doing layoffs. Angela Weiss / AFP via Getty Images ESPN is laying off some staffers after a round of cuts in mid-April. Chairman Jimmy Pitaro said the cuts will "best position" the network "for the future." Read the full memo from Pitaro about the layoffs below. ESPN Chairman Jimmy Pitaro explained in a memo to staff why the sports giant is doing a new round of layoffs — and which teams are hardest hit. "Over the past several months, we've made significant progress integrating the NFL assets that we acquired into ESPN. 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," Pitaro told ESPN staffers in a Tuesday morning memo, which was obtained by Business Insider.
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