Posted on 01/09/2024 11:22:00 AM PST by dynachrome
The National Football League offered voluntary buyouts to at least 200 employees as it gears up for start of the playoffs this coming weekend, according to a memo obtained by CNBC.
The NFL, which has about 1,100 employees, told staff that it is “continuously evaluating ways to enhance efficiency and improve outcomes,” according to the memo.
“Every organization is increasingly challenged to be agile, responsible and strategic. The NFL is no exception,” the memo says.
The buyouts come when the league has shown financial strength, with revenue in 2022 hitting nearly $12 billion. Commissioner Roger Goodell has set a goal of reaching $25 billion in annual revenue by the year 2027. Teams are also valued at high levels. In July, NFL owners approved the sale of the Washington Commanders, a franchise that hasn’t won a Super Bowl in over three decades, for a record $6 billion.
The league sent the buyout memo to employees aged 50 years and older who qualified, depending on the number of years worked in the league office. It wasn’t immediately clear how many buyouts the NFL is aiming for.
(Excerpt) Read more at cnbc.com ...
We are doing so well financially...we’ve decided to lay off a 200 people.
and cites/taxpayers have to build their stadiums
Sounds like some age discrimination took place. Why were only those 50 years and older selected for termination?
Ding ding ding ding ding!
We have a winner.
When this money machine has to tighten its belt…that tells you something about the health of the economy.
To avoid age discrimination lawsuits.
Roger is over 50, was he one offered the “voluntary” buyout?
Life at the office will not be good for those who pass on the buyout.
A buy out is not a lay off.
You offer it to people who would likely be leaving in the next couple of years. It’s a way to get high paid folks out of the way without having to lay people off.
Companies do this all the time.
How do you think an organization keeps doing well financially? It pares payroll even during the good times.
This is how they got away with their status as a not-for-profit corporation for so long. They'd still be doing it if it weren't such a bad PR move. The league's revenues are divided among the teams and show up on their individual books as taxable corporate income.
Seems the NFL is starting to feel the pinch over lost viewers/fans. And yet, Goodell is paid $70 million per year. How many of those employees to be laid off could be retained is this guy, who has allowed that league to degrade into its current clown show, was paid commensurate with his value?
Why 50 years old? Well, you know we need that bunch to build submarines. They obviously need the young dumbaxxes to keep boring me to paralysis.
I stopped watching and caring about the NFL when they allowed their employees, while in company uniform, at a company event, to disrespect the flag by kneeling.
Let’s see if we can reduce their revenues some more.
All the time?
To the extent of nearly 20% of headcount?
That is far more than normal. (Maybe AI will be hired in their place./s)
time to make room for upcoming DEI hires.
*I stopped watching and caring about the NFL when they allowed their employees, while in company uniform, at a company event, to disrespect the flag by kneeling.*
They’re back. Never left.
They want to double the revenue to $25 billion? It will happen. More teams. International games. Dilute the talent. Injuries. Athletes are replaceable. Colleges are a free minor-league system.
The NFL has been in decline for decades. Their desperate attempts to sell Personal Seat Licenses (PSLs) and adopting legalized gambling weren't going to stop that trend. Their sponsorship from Transheuser Busch has taken a hit after their tranny insult to the world.
“ The league sent the buyout memo to employees aged 50 years and older who qualified, depending on the number of years worked”
Sounds like my ex employer. I never worked for anyone again screw them. I’m an investor now lol
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.