ESPN to lay off 4% of its workforce

ASSOCIATED PRESS: The Worldwide Leader in Sports will cut 300 jobs.

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ASSOCIATED PRESS: The Worldwide Leader in Sports will cut 300 jobs.

The Bristol, Connecticut-based sports channel is one of the linchpins of the traditional cable bundle of hundreds of channels, which is under pressure from viewers migrating online. A few are choosing to bypass paying for a cable subscription entirely, opting instead for a growing number of choices of online TV alternatives.

The job cuts are a “necessary part of our continued strategic evolution to ensure ESPN remains the leader in sports as well as the premier sports destination on any platform,” said ESPN CEO John Skipper in a memo to employees that was posted online.

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