LIV Golf has informed employees that their jobs will be eliminated. This was reported by Qazaqyia.kz citing Associated Press.
LIV Golf, the Saudi-funded golf league, has begun laying off employees. This move is part of a plan to restructure the league and operate without Saudi Arabian funding.
According to the Associated Press, LIV Golf has officially notified employees that their positions will be eliminated. The decision was made during the league's preparation for the upcoming season.
In the past season, LIV Golf held several major tournaments, including events in Indianapolis and Bedminster. The league's season-long champion was Jon Rahm, captain of Legion XIII.
The layoffs are aimed at ensuring the league's financial stability and transitioning to a new business model. LIV Golf was previously funded by Saudi Arabia's Public Investment Fund.
Details of the league's restructuring plan have not yet been released. However, these changes could have a significant impact on the golf world, as LIV Golf has become a popular alternative to traditional tours in recent years.
The exact number of LIV Golf employees and the scale of the layoffs are currently unknown. The company has declined to comment officially on the matter.
This news could mark the beginning of major changes in the golf world. The future of LIV Golf and the fate of its players remain uncertain.