The long-reported layoffs at ESPN will reportedly take place over the next month. That, according to sports media reporter Richard Deitsch of Sports Illustrated.
What hadn’t been rumored or reported, until now, is that ESPN will look to actually buy out some talent currently under contract. That represents a sharp departure from past ESPN policy. The Bristol-based sports giant typically refrains from buyouts, because like many companies they don’t see the sense in paying someone to not work. The decision to depart from that way of doing business suggests that ESPN wants to have the layoffs and the massive talent shake-up completed quickly.
According to Richard Deitsch of Sports Illustrated, ESPN has a couple different reasons for why they want those the layoffs to go so quickly:
Sources tell SI.com that ESPN management expects to finish most of its job cuts prior to the company’s upfront presentation for media buyers on May 16 and possibly by May 9, the date of Disney’s second quarter earnings call.