LIV Golf warns employees of potential layoffs amid financial uncertainty

LIV Golf notified its staff on July 8 that layoffs could be on the horizon as the league's future remains uncertain. The company is filing Worker Adjustment and Retraining Notification Act notices in the U.S., which indicates possible workforce reductions. This development comes amid attempts to secure external funding after the Saudi Public Investment Fund ceased backing, prompting LIV to seek between $250 million and $350 million to maintain operations. CEO Scott O’Neil mentioned the goal of profitability within three years, although doubts persist about completing the 2026 season. LIV has faced legal challenges, including a lawsuit seeking damages for breach of confidence and conspiracy related to its operations. The next scheduled event for the league is on July 23 in England.

• 4:07 PMYahoo Sports — LIV Golf informs employees of potential layoffs amid uncertain future