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LayOffs Around Baseball

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There is an excellent article published yesterday in the Athletic about the Chicago Cubs "laying off 100-plus employees".  The article talks about how generous the Cubs ownership was four years ago during their championship run to fly employees and spouses or guests to/from Cleveland to witness their WS history, how the organization ordered 1,908 championship rings and pins for players, coaches, executives, ballpark staff, etc.  

Very recently, the Cubs laid off over 100 employees across pretty much the entire business operation as well as the baseball (scouting, player dev, international ops) operation. 

The article mentions the White Sox, Red Sox, NY Yankees, Cardinals, Phillies, Angels and SF Giants as among the teams that "enacted cost-cutting measures like layoffs, furloughs, salary reductions and buyout packages".

The article says the "Cubs are claiming $140M in revenue losses this year and projecting $120M in lost revenue next year."  

I will say these clubs represent bigger markets and probably had bigger operations headcount and costs heading into the pandemic and, in the absence of local sold out stadiums, may be experiencing bigger losses than the Os.  Teams are hurting financially all over the league.

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