Disney Demanded ESPN to Trim Budget

Yesterday, FTVLive told you that ESPN was going to start laying off hundreds of people and that is exactly what they did. 

The sports network is expected to sack at least 300 people with more cuts coming down the line. 

ESPN is in the midst of a major budget trimming mandated by its parent company, Disney, which reportedly told the network earlier this year to trim $100 million for 2016 and $250 million for 2017. The network has disputed those figures but has not provided corrected figures.

The new round of layoffs that started yesterday at ESPN is expected to take several days to complete.

All laid off staffers are being given the option to remain with the network for at least 60 days and receive severance packages and job placement assistance.

H/T Big News Network