I participated in a webinar hosted by Front Office Sports highlighting Franchising as a Career Pivot and last week’s FOS newsletter heading “Layoffs Looming.” It reminded me that it might be time to reshare this information and webinar recording.
Here’s a snapshot of the article written by USA TODAY Sports writer, Ron Chenoy titled “ESPN Cutbacks”
|ESPN could be laying off hundreds of employees in the next few weeks, sources told FOS. Up to 700 employees could be let go, which will mostly hit behind-the-camera jobs — but could include some TV and radio talent as well.Along with trimming staff, the network might ask high-earners to take a pay cut. ESPN’s parent company, Walt Disney Co., recently laid off 28,000 theme park employees.Companies across sports media have dealt with layoffs in part to help offset the loss of revenue from the COVID-19 pandemic and sports shutdown.
Sports Media Pandemic Layoffs:
– Fox Sports: 5-10% of its staff
– Sports Illustrated: 6% of its staff
– Vox Media (SB Nation): 9% of its staff in April, additional 6% in July
– Bleacher Report: Eliminated its B/R Mag vertical
2020 has proven to be an exceptional year of change in our country and some people stand up and face change and adversity with aggressive action and some let change just happen to them. I offer a free service to those folks living with Sunday afternoon dread find “What’s Next” for their career through business ownership. What I have learned through almost a decade of helping people find the right business model to invest in, is that most high achieving employees already have the characteristics of successful business owners and simply don’t know the process or path to find a business that is a good fit for them.
Below is the webinar hosted by Front Office Sports sharing the experience of a couple of new franchise owners and how they landed on their next venture.
If you are impacted by a layoff and considering your options, let’s schedule a call. Franchising might by a great option for you!
David Weaver is the Founder of Franchise Your Freedom and a senior consultant with FranChoice, the premier national network of franchise consultants. David helps people all over the country find the right franchise fit by sharing his personal experience and philosophy on how to select the right brand. He shares proven strategies and over a decade of experience growing franchise companies for himself with those that are doing it for the first time. You can learn more about David at FranchiseYourFreedom.