By Tony Connelly

ESPN is cutting around 4 per cent of its workforce following accelerating loses as a result of cord-cutting which has hurt its advertising revenue.

The Disney-owned sports channel confirmed it will lay-off around 300 employees across all divisions and reinvest the money in hiring staff to develop emerging technology which it hopes will help it adapt to the changing TV landscape and meet the demand of online and mobile viewing of its content.

In a message to employees, ESPN President John Skipper said the job cuts are “part of a broad strategy to ensure we’re in position to make the most of Read full story ›

Source: The Drum