ESPN preparing to lay off more on-air talent as struggles persist

More personnel cuts are coming for Walt Disney Co.’s DIS, -0.40% sports channel ESPN.

Following a Sports Illustrated report over the weekend, MarketWatch confirmed it is preparing to go through significant cost-cutting layoffs on its talent side — meaning on-air personalities.

There’s no set names or specific number yet expected to be cut, but ESPN will almost certainly part with names viewers are familiar with and, according to Sports Illustrated’s Richard Deitsch, the company is looking to pare tens of millions in staff salary.

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“We have long been about serving fans and innovating to create the best content for them,” ESPN said in a statement.

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