Hasta La Creative!

ESPN on Wednesday began its latest round of layoffs, cutting ties with approximately 150 staffers in various production, technology and digital content positions. Today’s eliminations mark the cable sports giant’s third mass headcount reduction in two years.

In a brief memo sent to ESPN employees, president John Skipper said the company will look to alleviate the outgoing staffers’ pain by offering them a package that includes “severance, a 2017 bonus, the continuation of health benefits and outplacement services.”

The cuts “generally reflect decisions to do less in certain instances and re-direct resources,” Skipper wrote. The ESPN chief, who also serves as co-chair of Disney Media Networks, recently extended his contract through 2021.

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