LIV Golf lays off majority of staff amid funding concerns

LIV Golf announced significant layoffs affecting most of its workforce starting next week, as it seeks to secure long-term investment. The Saudi Arabia Public Investment Fund concluded its financial backing after the 2026 season, forcing the organization to scale back operations. LIV Golf has communicated to employees that their jobs will be terminated by early September, following prior warnings about potential redundancies. The organization aims to transition to a new model referred to as 'LIV 2.0' and remains optimistic about finalizing new investments. Discussions are ongoing regarding new ownership and event scheduling.