Shock over major lay-offs at sport websites


The economic impact of COVID-19 continues to affect both new and legacy media.

Management at The Athletic told its staff on Friday that it would reduce it by eight per cent and implement salary reductions, The Post confirmed.

Meanwhile, Sports Illustrated executives told its staff that all non-union employees would be required to take a 15-percent pay cut through the end of the year and parent company, Maven, would negotiate with SI’s union about the percentage of cuts its members would endure, The Post has learned.

Along with The Athletic and Sports Illustrated, Vox Media sports site SB Nation saw a number of editorial-side staffers accept buyouts.

As for The Athletic, the four-year-old sports subscription start-up, has greatly expanded as it grows, but, like other media outlets, it is now adjusting because of the economic impact of the shutdown of most sports during COVID-19.

 

Axios first reported the news. It said that 46 people would be let go. A source told The Post that the audio department would be impacted as a result of podcast advertising being down. One of its original big hires, Armen Keteyian had already left months ago.

Sources told The Post that those making $55,000 to $150,000 would receive a 10 per cent decrease, while $150,000-199,999 would take a 15 per cent cut.

Those with salaries more than $200,000 would take a 20 per cent cut. The cuts are through the end of this year.

A spokeswoman confirmed the news of the lay-offs and the salary reductions.

This article originally appeared on the NY Post and was reproduced with permission.

Originally published as Shock over sport websites’ major lay-offs





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

New Bookmakers
Vietbet.eu Sportsbook Review
Vietbet.eu Sportsbook Review

Vietbet.eu Promo Code: GAMBLING35

Betanysports.eu Review For 2019
Betanysports.eu Review For 2019

Promo Code: GAMBLING35

Jazz Sportsbook Review 2019
Jazz Sportsbook Review 2019

Jazz Sportsbook Review 2019

Bookmaker.eu Sportsbook Review 2019
Bookmaker.eu Sportsbook Review 2019

Bookmaker.eu Sportsbook Review 2019

WagerWeb Sportsbook Review 2019
WagerWeb Sportsbook Review 2019

WagerWeb Sportsbook Review 2019

New Casinos
5.0 rating
Vietbet.eu Promo Code: GAMBLING35
5.0 rating
Promo Code: GAMBLING35
5.0 rating
Jazz Sportsbook Review 2019
5.0 rating
Bookmaker.eu Sportsbook Review 2019
5.0 rating
WagerWeb Sportsbook Review 2019