Larry H. Miller Sports & Entertainment announced a 40% reduction in workforce on Friday morning via furloughs, after revenues were cut to near zero in the wake of the COVID-19 pandemic.
About 200 people will temporarily lose their jobs as a result of the cuts — with no clear return date. The NBA and Minor League Baseball seasons are on indefinite hiatus, while those leagues wait until play can resume safely.
Meanwhile, big-studio films that Megaplex Theaters rely on have been delayed through June and into July.
“These are unprecedented times and, like other companies across all industries, the sports and entertainment world has been significantly impacted by the COVID-19 pandemic,” Jin Olson, president of Larry H. Miller Sports