John Raoux/Associated Press
The Orlando Magic laid off 31 full-time staff members Friday, nearly 10 percent of the company’s total personnel, as the result of a “dramatic loss of income” due to the coronavirus pandemic, per Josh Robbins and Shams Charania of The Athletic
Magic CEO Alex Martins confirmed a personnel decrease in a statement, though the team did not provide a specific number:
” Our organisation, as well as numerous others like us, are significantly impacted due to COVID-19 We have needed to make some very difficult business decisions in these unprecedented times. Due to this truth we have had to make the extremely tough decision to evaluate our total structure, restructure and minimize our headcount.
” For a company like ours, whose objective is focused around our individuals, and producing the very best workplace possible, grounded in household values, this is a really difficult situation to challenge, and it will be a lot more difficult for our associates who will be leaving us. Please know that we do not take this choice gently, and although the majority of difficult for our associates that we must state goodbye to, please understand that this is a choice that is really challenging for our organization. This is not the fault of any particular individual that we must part with today, this choice is simply about becoming more effective in a post COVID-19 environment, and the requirement to be more effective in this unidentified future that we discover ourselves confronted with.”
The Athletic noted the group has actually likewise removed 16 positions that were vacant.
The DeVos household owns the majority of the group and has a reported net worth of $5.4 billion since 2018, per Forbes Ownership, consisting of the DeVos household, and Magic gamers alike formerly announced a $2 million fund for the nearly 1,800 hourly employees at Amway Center after the season was placed on hiatus March11
Orlando had 10 home video games remaining at the time, and though the team will take part in the NBA‘s restart later this month, specific franchises are bracing for general earnings reductions.
” To those who we need to bid farewell to, we have actually offered really fair severance, health care advantages continuance, outplacement services and health consultation,” Martins stated. “We thank all those who are leaving us from the bottom of our hearts, for their devotion, work and empathy that they provided to the Magic company.”
This is the second time in the last decade a loss of video games has needed the Magic to lay off employees after 20 staffers and 12 unoccupied positions were cut throughout the 2011 lockout.