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Sports Illustrated Announces Major Layoffs, Putting the Brand’s Future in Jeopardy

Sports Illustrated is published by Arena Group. PHOTO: JOE RAEDLE/GETTY IMAGES

Sports Illustrated is published by Arena Group. PHOTO: JOE RAEDLE/GETTY IMAGES

Sports Illustrated announced major layoffs on Friday, according to the publication’s union, throwing the future of the legacy sports magazine into question.

The union said it was notified by the magazine’s publisher, the Arena GroupAREN -33.61%decrease; red down pointing triangle, that it intended to “lay off a significant number, possibly all” of Sports Illustrated’s unionized staffers because Arena had lost its license to publish the magazine.

“This is another difficult day in what has been a difficult four years for Sports Illustrated under Arena Group (previously The Maven) stewardship,” the union said in a statement posted on X. The union said it didn’t know the exact number of employees affected by the layoffs. It said it has more than 80 unionized employees at Sports Illustrated.

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Author: Editors Desk

Source: WSJ:

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