Key facts
- ESPN is conducting a new round of layoffs.
- Chairman Jimmy Pitaro cited the acquisition of NFL Network and other league digital assets as the primary reason for most job cuts.
- The NFL received a 10% equity stake in ESPN as part of the deal.
- Some on-air personalities, including Ryan Clark and Karl Ravech, were affected.
- The layoffs are part of broader reductions occurring across The Walt Disney Company.
ESPN Chairman Jimmy Pitaro informed staff of a new round of layoffs, the first in three years, stating that the majority of the job impacts are a result of the company's acquisition of NFL Network and other league digital assets. The deal, announced last August and approved in January, also included NFL Fantasy and RedZone distribution rights, with the NFL receiving a 10% equity stake in ESPN. Pitaro noted in a memo that while most cuts are tied to this integration, some positions in other parts of the company are also affected. He emphasized the company's commitment to supporting affected employees. Notable on-air talent impacted include Ryan Clark and Karl Ravech, while Tom Pelissero, formerly of NFL Network, was also laid off. These reductions are occurring alongside broader workforce adjustments at parent company The Walt Disney Company.