mchlyang
3 years ago10,000+ Views
About a week ago, Jack Dorsey came back as CEO and announced Twitter would cut 300 jobs. (Read: Twitter Cuts Over 300, New Startup Recruits Laid-Off Workers by @nicolejb)

This time ESPN decided to cut 300 of its employees as subscriber fee growth was slowing down.

This is close to 4% of the entire company's 8,000 workforce world-wide.
ESPN president John Skipper mentioned that the elimination of jobs was a part of "a number of organizational changes" at ESPN. He also delivered an internal message that read:
"We carefully considered and deliberated alternatives before making each decision. The people who will be leaving us have been part of ESPN’s success, and they have our respect and appreciation for their contributions."

The core of the problem lies behind their highest revenue source: cable and satellite subscriber fees. ESPN cannot no longer rely on this as their main source of revenue.

ESPN is still a highly profitable unit of Disney and Skipper announced that ESPN would continue to invest in technology to keep up with the rising demand in online and mobile viewing. Skipper also mentioned that they don't have any plans to cancel any programs or make any changes in on-air talent.

What do my sports fans think about this decision by ESPN?

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@mchlyang People will always put self interest first
yeah, unfortunately media companies are going to have to figure out an alternative way to increase revenue. otherwise it could get messy like this @InPlainSight
Bottom line, broadcast is dying...in a traditional sense, they need to update, I don't think cutting 300 jobs is the greatest way to do it. It's really sad to see this happening.
It's sad that they're laying off so many people. But, from a business standpoint, they gotta do what they gotta do. It's easy to find out scores, news, and stats without ESPN. While you wouldn't be able to watch some of the sporting events, you'd still be able to listen to most of them. I actually get a lot of my info from various Twitter feeds. I don't even need to watch, unless I just want to. If I'm at my sister's house, I'd be more likely to watch it on air. If I'm not, I use the watch ESPN app. It's becoming easier to watch without the tv, and I think that trend is going to continue.
yeah, most people are not getting their TV from an actual TV, they are streaming it. I think it was a necessarily move by ESPN
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