ESPN to Cut About Three Hundred Jobs

About 4% of the work staff at ESPN is in jeopardy of losing their jobs. The company expect's these layoff to start this week.

Disney’s ESPN is cutting about 300 jobs, or 4 percent of its staff, amid signs that the traditional cable bundle is less far-reaching than it once was.

According to Fox 61.com an ESPN spokeswoman confirmed the number of job losses Wednesday.

The sports channel is one of the corner stones of the traditional cable bundle of hundreds of channels, which is under pressure from viewers migrating online. A few are choosing to bypass paying for a cable subscription entirely. Disney in August trimmed a profit outlook because more people were not subscribing to cable.

ESPN CEO J says told fox61.com,  that there was a memo sent to employees and also posted online, it read these cuts are part of changes being made to keep ESPN as the “premier sports destination on any platform.”

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