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LIV Golf to lay off majority of staff amid ‘compressed timeline’ for new investors
SportsThe Guardian27 Aug, 04:01 amAtlasHour
Sports

LIV Golf to lay off majority of staff amid ‘compressed timeline’ for new investors

Saudi Arabia’s PIF have ended financial support Chief executive working on deal but needs players’ buy-in LIV Golf informed the majority of its workforce on Wednesday that they will be laid off in the first week of September. The news ⁠comes three days after the 2026 season concluded in Indianapolis and four months after Saudi Arabia’s Public Investment Fund announced it was ending its financial support ⁠of the league after ⁠spending more than $5bn over the past five years...

Source-linkedAtlasHour DeskThe Guardian27 Aug, 04:01 am

What happened

Saudi Arabia’s PIF have ended financial support Chief executive working on deal but needs players’ buy-in LIV Golf informed the majority of its workforce on Wednesday that they will be laid off in the first week of September.

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AtlasHour context: this story may affect public policy, global affairs, business confidence, technology direction, energy security, or civic life.

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The story is being tracked through India Equities.

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India Equities

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AtlasHour context: this story may affect public policy, global affairs, business confidence, technology direction, energy security, or civic life.

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The Guardian

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