This massive economic collapse has taken many companies and people into lower positions of wealth and caused many to lose their jobs at historic rates. Well, after years of incredible growth, it was thought that the sports industry was immune to these developments surrounding the credit crunch.
I received this email from the NFL’s director of communications Greg Aiello:
As part of an overall cost-cutting plan in response to the slumping economy, the NFL today confirmed plans to reduce its staff by approximately 150 employees during the next 60 days.
A voluntary separation program will be offered to personnel this week as a first step in the staff reduction.
“These are difficult and painful steps,” Commissioner Roger Goodell said Tuesday in a memo to his staff, “but they are necessary in the current economic environment. I would like to be able to report that we are immune to the troubles around us, but we are not. Properly managed, I am confident the NFL will emerge stronger, more efficient and poised to pursue long-term growth opportunities.”