UFC cuts significant number of its own work force
October 18, 2016
ESPN’s Brett Okamoto reports that there were “significant layoffs” at the UFC. The layoffs were expected per the tweet.
MMA Fighting adds that multiple sources have indicated that 60-80 employees would be let go. The report indicates that the UFC had employed “approximately 350 people” prior to the work force reduction. The layoffs are not just taking place at UFC’s Las Vegas headquarters but across the company’s overseas offices as well. The layoffs also include high-ranking executives according to MMA Fighting sources.
The news comes just 3 months after the UFC was sold to WME-IMG for $4 billion. In recent weeks, longtime UFC matchmaker Joe Silva announced that he would leave the company and PR executive Dave Sholler left for a job with the NBA’s Philadelphia 76ers.
While the UFC broke ground on a 180,000 sqare-foot Las Vegas campus late last year which might have inferred expansion, the layoffs were likely to happen with the transition in leadership. With the change, it seems as though there is an effort to streamline the company and cut costs. We will see how deep the cuts will be and whether the losses will affect events and/or the fighters.