NBA Confirms It Has Cut 114 Jobs, Closed Paris And Tokyo Offices
The NBA has confirmed that it has cut 114 jobs, or about 11% of its workforce, at its league office. NBA Senior VP/Marketing Communications Mike Bass said the layoffs are part of a $50M 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 department 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 '08 when the league office cut about 80 jobs.