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ESPN Cutting Hundreds of Staffers [Update]

ESPN is making some serious cuts. A source told Deadspin that about 400 staffers are being let go. Some of those being laid off have been told they can stay until the end of the week if they want.

One anonymous ESPN staffer who got the axe had been with the company for almost a decade. That person considered the move “Completely out of the blue.” The staffer added, “I was told it was 10 percent across the board, which would be roughly 400. I was told the reason was they needed to make their profit margin and they chose to do that via layoff of staff.”

We’ve reached out to ESPN for comment, and we’ll update when we hear back.

Update (12:53 pm):
ESPN sent the following statement: ”We are implementing changes across the company to enhance our continued growth while smartly managing costs. While difficult, we are confident that it will make us more competitive, innovative and productive.”

Update (3:00 pm):
An ESPN spokesperson emailed to tell us that they hadn’t cut 400 staffers. When we asked how many were let go, “We’re not getting into particulars but it is fewer than 400″ was all we got back. So there’s that.

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