• About
  • Advertise
  • Careers
  • Contact
Sunday, April 11, 2021
  • Login
No Result
View All Result
NEWSLETTER
DJHJ Media
  • Home
  • World
  • Politics
  • Business
    • Science
    • Tech
  • Get My Book!
  • Shop
  • Home
  • World
  • Politics
  • Business
    • Science
    • Tech
  • Get My Book!
  • Shop
No Result
View All Result
DJHJ Media
No Result
View All Result
Home Business

Economic Indicator that People Don’t Like ESPN- 500 Jobs Slashed

by Kari Donovan
November 5, 2020
in Business
0 0
1
Economic Indicator that People Don’t Like ESPN- 500 Jobs Slashed
0
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter

When ESPN changed their agenda from covering sports to being a “grassroots marketing platform” for the Democrat party they sealed their fate to not stay in business, hoping for the continued popularity that they believed existed during the former Barack Obama presidential years, they miss the mark totally in the Populist movement behind President Donald J. Trump.

Little did they understand then that pushing sports head first into social justice activism would destroy their brand and their viewership, and little do they want to accept that fact today.

According to the LA Times, “ESPN is slashing 500 jobs as cost pressures from the COVID-19 pandemic are accelerating the sports media company’s move into streaming.

The cuts, which include 300 layoffs, were revealed Thursday in a memo from Jimmy Pitaro, president of the Walt Disney Co.-owned unit. In addition to the layoffs, another 200 open positions will be eliminated, the company said. ESPN has more than 5,000 employees worldwide.

“Prior to the pandemic, we had been deeply engaged in strategizing how best to position ESPN for future success amidst tremendous disruption in how fans consume sports,” Pitaro said in the memo viewed by the Times. “The pandemic’s significant impact on our business clearly accelerated those forward-looking discussions.”

The company, based in Bristol, Conn., did not specify which areas would be affected, but people familiar with the plans who were not authorized to discuss the matter publicly said the cuts would be across different departments.”

Blaming a pandemic is convenient for laying off 10% of their workforce.

According to a Memo, the company President wrote about the matter:

“Prior to the pandemic, we had been deeply engaged in strategizing how best to position ESPN for future success amidst tremendous disruption in how fans consume sports.” Pitaro wrote. “The pandemic’s significant impact on our business clearly accelerated those forward-looking discussions.  In the short term, we enacted various steps like executive and talent salary reductions, furloughs and budget cuts, and we implemented innovative operations and production approaches, all in an effort to weather the COVID storm.

Pitaro continued, “We have, however, reached an inflection point. The speed at which change is occurring requires great urgency, and we must now deliver on serving sports fans in a myriad of new ways.  Placing resources in support of our direct-to-consumer business strategy, digital, and, of course, continued innovative television experiences, is more critical than ever.

ESPN has about 4,000 employees in Bristol, and about 2,500 others spread out across the rest of the United States and the globe.

Outkick reported on the matter:

As we wrote previously, this news does not come as a major surprise to those who are following both the media industry and Disney in the pandemic. NBC Universal layoffs impacted up to 10 percent of their 35,000 employees, including many at NBC Sports. CBS News was hit with layoffs in May. Fox Sports laid off between 50 and 100 staffers in July. We could go on and on naming media organizations, both in and out of sports, who have had to slash their budgets lately.

The pandemic has affected many of Disney’s business operations, such as theme parks, cruises, movies and live sports. As a result, Disney announced in September that it was laying off 28,000 park employees. Though most sports leagues have been salvaged, there was some lost revenue in college football and other sports.

ESPN has also been slowly transitioning away from a business model that primarily focuses on cable TV, where they have been steadily losing subscribers since 2015, to the OTT streaming future. No one yet knows how long it will take to evolve. Earlier this month, Disney CEO Bob Chapek announced that the company would be focusing on its direct-to-consumer initiatives, which means a big push behind the content on Disney+ and ESPN+.

Sports watchers, with reactions, said that the company’s social justice activities destroyed ESPN’s ratings.

MASSIVE layoffs are coming for #ESPN! Social justice destroyed the ratings. @KinelRyan with @SportsWarsNet has the story for you here. Please Watch, Sub, Like & Share. https://t.co/xNHMntAT2U pic.twitter.com/No8hcJogum

— Geeks + Gamers (@GeeksGamersCom) November 5, 2020

ESPN asked for it with their social justice bs

— TonyYoungIommi (@IommiYoung) November 5, 2020

ESPN, right after becoming the most woke sport news channel in the country, is going through their biggest layoffs in company history.

100s of employees are now getting screwed right before the holidays bc their company wanted to push all these false social justice narratives.

— James Smiley (@RealJamesSmiley) November 6, 2020

ESPN and sports used to be an escape-now its too much social justice warriors. ESPN lost site of this and now must let go 500 people. Mismanagement by them and the leagues.

— John M Casper (@jcasper11) November 5, 2020
Kari Donovan

Kari is an ex-Community Organizer who writes about Voter Engagement, Cultural Marxism and Campaigns. She has been a grassroots volunteer with the GOP, on and off for 18 years. She is a Homeschool Mom in North Carolina and loves Photojournalism and Citizen Journalism. @Saorsa1776

ShareTweetShare
Next Post
POLITICS AT PLAY: NBC Published Story About Mark Esper Resigning that has Been Denied by Defense Depart Officials

POLITICS AT PLAY: NBC Published Story About Mark Esper Resigning that has Been Denied by Defense Depart Officials

Comments 1

  1. WB says:
    5 months ago

    As if sportsball wasn’t stupid enough..

    Reply

Leave a Reply Cancel reply

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

Join our mailing list!

Top News

  • 2 Black Female DC Teens Will Not Face Consequences For Violent Death Of Asian Uber Eats Diver

    2 Black Female DC Teens Will Not Face Consequences For Violent Death Of Asian Uber Eats Diver

    0 shares
    Share 0 Tweet 0
  • Andy Ngo: American Journalist Who Exposes Antifa Flees The United States Due To Safety Concerns

    0 shares
    Share 0 Tweet 0
  • ARREST: [VIDEO)] BLM-New Black Panthers, Activists Storm Iowa Capitol With Intent To Harm, In Planned Organized Uprising

    0 shares
    Share 0 Tweet 0
  • The People Behind the MLB Moving the All-Star Game Out of Atlanta

    0 shares
    Share 0 Tweet 0
  • Biden Selects Former Japanese Internment Camp Site to House Unaccounpanied Illegal Alien Migrant Children

    0 shares
    Share 0 Tweet 0

Recommended

Kyle Rittenhouse will not face charges in Illinois, prosecutors say. But Wisconsin could be different.

Kyle Rittenhouse will not face charges in Illinois, prosecutors say. But Wisconsin could be different.

6 months ago
16-Year-Old Florida Teen Charged With Shooting a Man In The Head While On Phone With 911

16-Year-Old Florida Teen Charged With Shooting a Man In The Head While On Phone With 911

8 months ago

Newsletter

Never miss an update. Sign up for our morning updates.
SUBSCRIBE

Category

  • 2020 Elections
  • 2022 Elections
  • ANTIFA
  • Back the Blue
  • Biden Lies
  • Black Lives Matter
  • Border Crisis
  • Business
  • Cancel Culture
  • Censorship
  • Climate Change
  • Communist Chinese Party
  • Corporate Fascism
  • COVID-19
  • Crime
  • Economy
  • Education
  • Entertainment
  • Environment
  • Fake News
  • Fashion
  • food
  • Gaming
  • Health
  • Immigration
  • Lifestyle
  • Marxism
  • Media
  • Military
  • Movie
  • Music
  • National
  • Opinion
  • Politics
  • Racism
  • Religion
  • Riots
  • Science
  • Second Amendment
  • Sexual Harassment
  • Social Media
  • Socialism
  • Sports
  • Taxes
  • Tech
  • Travel
  • Uncategorized
  • US Constitution
  • US News
  • Video
  • Viral
  • Voter Fraud
  • Voter ID
  • Western Civilization
  • Woke Supremacists
  • World

Site Links

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

About Us

DJHJ Media is an opinion and commentary source for conservatives everywhere.

  • About
  • Advertise
  • Careers
  • Contact

© 2020 DJHJ Media | Turbocharged by AdRevv.

No Result
View All Result
  • Home
  • Politics
  • Business
  • World
  • Get My Book!
  • Shop

© 2020 DJHJ Media | Turbocharged by AdRevv.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In