LIV Golf lays off majority of staff amid funding concerns
3 sources • 1 min read • Latest: Aug 27, 2026, 12:11 AM
Last updated Aug 27, 2026
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.
- •LIV Golf will lay off most of its staff next week.
- •Funding from Saudi Arabia's PIF has ended after the 2026 season.
- •Discussions for new investment and operational restructuring are ongoing.
- •Some staff may be re-hired if LIV 2.0 materializes.
- •The organization plans to focus on player ownership and commercial discipline.
- 12:11 AMYahoo Sports — LIV Golf to lay off majority of staff
- 3:04 PMSportico.com — LIV Golf Lays Off Majority of Staff as It Charts 2.0 Version - Sportico.com
"LIV Golf will lay off the majority of its staff next week under drastic reforms intended to keep the breakaway tour afloat next year, a spokeswoman said Wednesday.As a result, we are scaling back operations as we transition to the next chapter of LIV Golf and work toward making LIV 2.0 a reality," said the LIV spokeswoman, in a statement.
"LIV Golf completed layoffs today as it deals with the fallout of PIF ending its funding of the golf tour after spending $5 billion.
"LIV Golf has confirmed they will cut most of their staff from next week, with talks ongoing to secure their long-term future.
Sources
External links- Yahoo SportsAug 27, 2026, 12:11 AMLIV Golf to lay off majority of staff
LIV Golf will lay off the majority of its staff next week under drastic reforms intended to keep the breakaway tour afloat next year, a spokeswoman said Wednesday.As a result, we are scaling back operations as we transition to the next chapter of LIV Golf and work toward making LIV 2.0 a reality," said the LIV spokeswoman, in a statement.
- Sportico.comAug 26, 2026, 3:04 PMLIV Golf Lays Off Majority of Staff as It Charts 2.0 Version - Sportico.com
LIV Golf completed layoffs today as it deals with the fallout of PIF ending its funding of the golf tour after spending $5 billion.
- Sky Sports—LIV Golf cuts 'majority' of staff as talks continue to 'make 2.0 a reality'
LIV Golf has confirmed they will cut most of their staff from next week, with talks ongoing to secure their long-term future.
Original reporting and copyright belong to the linked sources. SportsNewsReport.com aggregates and links — it does not republish full articles.
Related Stories
Last 14 days
LIV Golf•Oct 24, 2026, 1:37 PMLIV Golf's Scott O'Neil made millions before bankruptcy filing
LIV Golf•Oct 23, 2026, 6:22 PMTyrrell Hatton leaving LIV Golf as more big names exit league
LIV Golf•Oct 23, 2026, 2:52 PMPoulter latest to say he won't sign on for LIV Golf reboot
LIV Golf•Oct 22, 2026, 1:28 PMThe Reason Only Four Players Committed To LIV 2.0 Before The Deadline
LIV Golf•Oct 22, 2026, 9:30 AMWhat lawyers are now saying about the October 25th deadline for all LIV players to decide their future
LIV Golf•Oct 21, 2026, 8:15 PMLouis Oosthuizen leaving LIV Golf, will return to DP World Tour in 2027