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ESPN to lay off 100 workers ahead of streaming service launch

London, Nov 10: ESPN will reportedly lay off over 100 employees, including producers, executives and digital and technology staffers, after the Thanksgiving holidays as it gears up to launch a new streaming service named “ESPN Plus” in early 2018, media reported.
“Many of those employees helped build the foundation of ESPN and had given their professional life to the company,” Sports Illustrated magazine reported late on Thursday. The layoffs are said to be a result of parent company Disney’s missed revenues which is driven mostly by ESPN. IANS