The Larry H. Miller Group has begun laying off some Jazz employees, according to ESPN’s Adrian Wojnarowski (Twitter link).
Sources tell ESPN that the cutbacks so far are affecting non-basketball employees. Wojnarowski adds that some employees are accepting reductions in compensation.
“Due to the impact on our customer-facing businesses from his unprecedented pandemic, the Larry H. Miller Group of Companies, of which the Utah Jazz are a part, unfortunately had to make difficult decisions to reduce a small percentage of our workforce,” the company said in a statement to ESPN. “Over the past several weeks, we have worked to manage and reduce costs, including executive compensation, and have reached a point where we have had to say farewell to a limited number of our valued employees.”
In addition to the Jazz, the Larry H. Miller Group owns the Megaplex Theatres chain, ad agency Saxton Horne, dozens of auto dealerships, and a number of other companies, many of which have been hit as hard as – or worse than – the Jazz by the coronavirus pandemic.
While we haven’t yet heard much about other NBA teams being hit by layoffs and cutbacks, the Jazz are unlikely to be the last team to take such measures, since the league is expected to be on hiatus for months.
Like Spree said, “I gotta feed my family!”
Multi-BILLION dollar group can’t risk losing a million in order to make sure all employees’ families are fed. Incredible Smh
My thoughts exactly…..
well they gotta pay their country club dues
That’s brutal. I never gave the Jazz a second thought before this news item, but now I hope their ownership group goes broke. They should be ashamed of themselves.
As much as I agree that it is deplorable that they are laying off workers, realistically the government should be the one paying their salaries, as the government is the one stopping the business from opening, their decree, their bill, not fair to expect businesses to pay for the whims of the government.
Basically all companies should be obliged to keep their workers meanwhile the government should be paying all the salaries, the only way to go.
That’s what happens when governments decide to fight a virus by creating poverty & famine… hardly the best option.
Only way to beat a virus is to have a strong economy, well fed people & plenty of money for research & health care…. the exact opposite that countries are doing, SMH!!!