LIV Golf has held a company-wide meeting informing staff of impending reduction in its workforce as it continues to seek investment.
The report states: “Under the the Worker Adjustment and Retraining Notification (WARN) Act, companies with 100 or more employees must provide a 60 calendar-day advance notification of potential layoffs. LIV’s headquarters are split between N.Y. and London, and it has a global staff of more than 300.”
This is in line with LIV Golf CEO Scott O’Neil’s vision of a “disciplined path to profitability”.
To date no staff cuts have been implemented by LIV Golf nor has the structure changed.
It is unclear how many staff would be impacted.
A LIV spokesperson provided the following statement: “There are no changes to LIV Golf’s current workforce, operations, or schedule at this time. As our process to identify strategic investors moves forward in a positive direction, and as part of responsible planning for a range of possible outcomes, we have notified employees in the United States and United Kingdom of potential future actions related to the League’s corporate workforce. This step is being taken in accordance with legal obligations in each jurisdiction. We deeply appreciate our employees’ continued dedication as we work toward a strong and sustainable future for the League.”
Article Link: LIV Golf: Staff informed of looming job cuts