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NBA Lays Off 114 Employees

The NBA eliminated 114 positions this week, according to The New York Times.

A league spokesman wouldn’t confirm the layoffs were connected directly to the NBA lockout, which started two weeks ago.

“The layoffs are not a direct result of the lockout but rather a response to the same underlying issue – that is, the league’s expenses far outpace our revenues,” NBA spokesman Mike Bass told The New York Times.

Most of the positions eliminated were from the New York and New Jersey offices and employees got word Wednesday and Thursday. The NBA was looking to cut their expenses by $50 million.

All told, 11 percent of the workforce was eliminated. According to Bass, the NBA doesn’t plan on re-hiring the employees once the lockout is over.

 

 

 

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