NFL Offers Buyouts to Over 200 Employees Amid Strategic Shift
Move comes as league aims to align resources with growth plans, including international expansion and digital operations.
- The NFL has offered more than 200 employees a buyout package just days before the start of the playoffs, with the employees having until late February to accept the offer.
- The buyout offer is part of the NFL's strategic shift to increase efficiency and align resources with key investment opportunities, including international expansion, the growth of flag football, and the advancement of media and digital operations.
- The NFL's revenues touched nearly $12 billion in 2022, with a goal to hit $25 billion in annual revenue by 2027.
- The buyout offer is available to employees who meet specific criteria based on age and tenure, with a combined total equal to or exceeding 70. Eligible employees stand to receive three weeks of salary for each year of service, in addition to bonuses.
- This move follows a previous workforce reduction at the NFL Network, which laid off about 5% of its staff in May.