The National Basketball Association reduced its workforce by about 11 %, or 114 jobs.
Mike Bass, the league spokesman said on Thursday that the NBA cuts are not directly linked to the labor dispute but rather part of a $50 million cost-cutting plan.
"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," said the spokesman.
"The roughly 11 percent reduction in headcount from the league office is part of larger cost-cutting measures to reduce our costs by $50 million across all areas of our business."
NBA officials have said 22 of the league's 30 clubs are losing money which they claim to be $300 million.
No comments:
Post a Comment