Spurs Brazil
10-13-2008, 03:06 PM
http://www.realgm.com/src_wiretap_archives/54851/20081013/stern_says_nba_to_lay_off_about_80_cites_economy/
Stern Says NBA To Lay Off About 80, Cites Economy
Oct 13, 2008 9:28 AM EST
The NBA is set to trim 9% of their workforce over worries about the U.S. economy, according to a report by Reuters.
"We made a decision some months ago that the economy was going to be a bit wobbly, so we began a belt-tightening that will result in a work-force reduction of about 9 percent domestically," Stern said Sunday, speaking before an NBA preseason game at London's O2 arena.
This translates into about 80 jobs, he later told Reuters.
"There is a season-ticket renewal rate decline, and new sales are also being hit," he said. "My guess is when [the regular season] kicks off, we will be down modestly in season ticket sales."
Stern Says NBA To Lay Off About 80, Cites Economy
Oct 13, 2008 9:28 AM EST
The NBA is set to trim 9% of their workforce over worries about the U.S. economy, according to a report by Reuters.
"We made a decision some months ago that the economy was going to be a bit wobbly, so we began a belt-tightening that will result in a work-force reduction of about 9 percent domestically," Stern said Sunday, speaking before an NBA preseason game at London's O2 arena.
This translates into about 80 jobs, he later told Reuters.
"There is a season-ticket renewal rate decline, and new sales are also being hit," he said. "My guess is when [the regular season] kicks off, we will be down modestly in season ticket sales."