The San Francisco Giants announced some bad news on Friday. The organization laid off 10 percent of it’s employees on Thursday due to the impact of the coronavirus pandemic, according to a team statement. The cuts took place in both the business and baseball operations departments.
The Giants, along with every team in major league baseball this season, took a significant hit in expected earnings due to a lack of gate receipts in the fan-less 60-game season. Reportedly, the laid off employees will continue to to receive health benefits for the next six months to a year depending on tenure.
Here’s the statement in full:
Yesterday was an extremely difficult day in our organization as we informed our employees that we are eliminating approximately 10 percent of full-time positions due to the unprecedented impact and continued uncertainty of the pandemic on our operations. These reductions include positions in both the business and baseball operations divisions. We are providing a number of employee support programs to those impacted employees, including severance, healthcare and outplacement assistance.