NBA cuts 114 jobs at league office
The NBA has confirmed that it has cut 114 jobs, or about 11 percent of its workforce, at its league office.
NBA spokesman Mike Bass said the layoffs are part of a $50 million cost-cutting effort by the league. "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 revenue," Bass said.
The cuts are across all areas of the NBA's business, but not all departments had layoffs. The league has also shut its Tokyo and Paris offices and shuttered a studio at its Secaucus, N.J., offices.
The NBA last had a layoff in 2008 when the league office cut about 80 jobs.