LIV Golf Cuts Most Staff as It Pursues ‘LIV 2.0’ Funding
TL;DR Summary
LIV Golf plans to lay off the majority of its U.S. and U.K. employees in early September as it scales back operations and pursues a leaner ‘LIV 2.0’ model after the PIF-backed funding ended; a new backer is reportedly providing about $250–$300 million to support a 10-event schedule with aims of profitability within three years.
- LIV Golf laying off almost everybody as ‘next chapter’ begins New York Post
- LIV Golf scales back operations with eye on creating LIV 2.0 ESPN
- Escape route for LIV golfers revealed with player agents claimed to believe contracts will be void Yahoo Sports
- As LIV Golf goes quiet, mounting financial woes take center stage GOLF.com
- LIV Golf plans mass layoffs as league seeks investors to survive The New York Times
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