The top executive at ESPN addressed his staff after the latest round of layoffs at its parent company, Disney.
Jimmy Pitaro, chairman of ESPN, sent a memo about the cuts to his employees on Wednesday. The memo, obtained by Business Insider, said that all ESPN employees affected by the cuts have already been notified.
“We must continue fostering a more agile and technologically enabled workforce,” Pitaro wrote. “While these realities require difficult decisions, that does not lessen how hard it is to say goodbye to colleagues who have dedicated themselves to ESPN.”
The layoffs, which began Tuesday, were the first at Disney under new CEO Josh D’Amaro, who took over in March. D’Amaro said in a memo to Disney staff that the layoffs came after the company combined its enterprise marketing and brand teams earlier this year.
Employees being laid off will receive severance pay based on their level and tenure at the company, according to an employee handbook seen by Business Insider.
Representatives for ESPN did not immediately respond to a request for comment from Business Insider.
Read Pitaro’s memo below:
Read the original article on Business Insider
The post Read the memo ESPN Chairman Jimmy Pitaro sent staff about the Disney layoffs appeared first on Business Insider.
