LIV Golf laying off most employees as it seeks new funding

LIV Golf announced it will lay off most of its workforce next week as part of a transition to a new financial backer. The league, which previously relied on funding from Saudi Arabia, is attempting to restructure its operations and is exploring a deal with an unnamed investor for a revamped version dubbed "LIV 2.0." The restructuring follows significant financial losses, including over $1 billion since its inception. LIV Golf's new plan includes a reduced schedule of events, with international team majors and individual player events aimed at improving its standing in the professional golf. Discussions with players about the future of the league are ongoing.

• 8:04 PMYahoo Sports — LIV Golf Laying Off Most Employees After Announcing Deal With Unnamed Backer