NBA cuts 11% of workforce, 114 employees to lose jobs

By on Jul 15, 2011 in Basketball, Business, United States Comments

NBA spokesman Mike Bass
Image Credit: Neilson Barnard/Getty Images

The National Basketball Association (NBA) reportedly cut about 11% of its workforce, with 114 of its employees to lose their jobs.

As noted at New York Times on Thursday, July 14, 2011, the 114 NBA employees will be coming from almost every division mostly in New York and New Jersey and they have already been informed.

According to the report, the laid-off employees will be from marketing, player programs, community relations, information technology and broadcasting department.

“The layoffs are not a direct result of the lockout, but rather a response to the same underlying issue; that is, the league’s expenses far outpace our revenues,” NBA spokesman Mike Bass reportedly said.

“The roughly 11-per-cent reduction in head count from the league office is part of larger cost-cutting measures to reduce our costs by $50 million across all areas of our business,” Bass added.

Apparently, NBA was noted to have lost $300 million this season; with the league and its players have yet agreed on the new labor contract and players are not in favor of payroll cut.

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