Madison Sq. Backyard Sports activities is reducing 50 jobs, or roughly 15% of its company employees. MSG Sports activities owns NBA crew the New York Knicks, NHL crew the New York Rangers, and esports group Counter Logic Gaming.
A consultant from MSG Sports activities confirmed with The Esports Observer that the layoff numbers had been correct however wouldn’t remark additional on if these layoffs have an effect on Counter Logic Gaming.
Moreover, MSG Sports activities sister firm Madison Sq. Backyard Leisure plans to put off roughly 350 staff, or one-third of its workforce, in accordance with reporting from the New York Submit Monday.
The core motive for these layoffs and different layoffs that occured in March (which quantity within the 1000’s and largely hit staff at venues or crew house stadiums) had been and proceed to be associated to the COVID-19 pandemic and the shortage of reside sporting and leisure occasions.
On Tuesday MSG Leisure additionally introduced that its annual “Christmas Spectacular” starring the Rockettes at its Radio Metropolis Music Corridor venue has been canceled this yr.