American sports magazine publisher lays off entire staff amid financial struggles
Shortpedia
Content Team
Image Credit: bostonglobe
The publisher of the renowned magazine Sports Illustrated, The Arena Group, has announced a significant reduction in its workforce. This layoff decision, which affects a large portion of the magazine’s staff, comes as the company grapples with substantial debt and recent missed payments. The layoffs, which reportedly include 100 employees, are part of the company’s cost-cutting measures.
