ESPN announced Thursday it is eliminating about 500 jobs worldwide, including about 300 through layoffs. “We have, however, reached an inflection point.”In addition to the layoffs, the company is planning to leave about 200 vacant positions unfilled. On-air talent, the vast majority having personal contracts, is not expected to be heavily affected. The company said it has more than 5,000 employees, including about 4,000 in Bristol. The Disney subsidiary has recently been moving toward more direct-to-consumer offerings, including its ESPN+, a streaming service that has grown to about 8.5 million subscribers.

Source: ABC News November 05, 2020 15:56 UTC