ESPN Throws Out Some Massive Layoffs

It looks like ESPN could be laying off as many as 400 people today. The reason for this wildly profitable organization's cutbacks are a little hazy, but, according to Deadspin, it may have something to do with ESPN's recent addiction to buying rights to live events. Also, Disney—which owns ESPN—has been cutting a lot of costs lately, so this could just be a decision made by the much higher-ups. Either way, it's a very unexpected move from a very successful company ...

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