The more a company grows, the more it looks for ways to shrink the workforce.
With ESPN recently acquiring NFL Network in a deal that saw the NFL acquire a 10-percent interest in ESPN, ESPN is now looking to trim expenses. As reported by Ryan Glasspiegel of Front Office Sports, another round of layoffs is coming at ESPN — and the NFL Network purchase is a “major factor” at play.
Earlier this year, roughly 30 off-camera employees were laid off. The next round, per Glasspiegel, is expected to include off-air and on-air employees.
It’s no surprise. ESPN and NFL Network are similar operations. When combining the companies, duplication of certain functions will occur — at every level of the business.
Even if the combined company is profitable, it could be more profitable. Which comes in part from looking for ways to cut avoidable expenses.
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