TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

ESPN cutting workforce, 'smartly managing costs'

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By The Associated Press
Wednesday, May 22, 2013, 12:01 a.m.
 

ESPN is cutting its workforce, the latest Disney division to reduce staff.

“We are implementing changes across the company to enhance our continued growth while smartly managing costs,” the sports media giant said in a statement on Tuesday. “While difficult, we are confident that it will make us more competitive, innovative and productive.”

The company would not say how many jobs are being eliminated, but they include unfilled positions. ESPN has about 7,000 employees worldwide, with about 4,000 at its headquarters in Bristol, Conn. The vast majority work behind the scenes.

In April, Disney laid off about 150 people at LucasArts, the video game division of Lucasfilm, four months after acquiring the company behind “Star Wars” for $4.06 billion. Disney laid off about the same number at the movie studio in April to cope with the decline in DVD sales.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Strong dollar weighs on corporate earnings, stocks
  2. Fox, NBC Universal reject Verizon’s slimmer pay-TV packages
  3. Methane leaks reportedly decrease in Pennsylvania
  4. Futures trader arrested, charged for alleged role in 2010 ‘flash crash’
  5. N.Y. firm set to buy second Downtown office building
  6. Planned Smallman Place condos in Strip District selling fast
  7. Aerospace boom a boon for ATI, but more cost-cutting efforts planned
  8. BP said to seek bids for $2 billion in U.S. pipeline operations
  9. Paragon Foods’ growth, planned move in line with local produce demand
  10. Israeli drugmaker Teva makes $40B unsolicited bid for Mylan
  11. Study links swarm of quakes in Texas to natural gas drilling