LIV Golf, a high-profile golf tournament and media company founded by former U.S. President Donald Trump, has informed its staff in the United States and the UK that they could be facing mass layoffs [1]. The move comes as the league attempts to find new investors following Saudi Arabia's decision to withdraw financial support for LIV Golf [2][3].
The uncertainty surrounding the future of LIV Golf is compounded by reports suggesting the company may already have begun laying off employees. According to a report from AOL, LIV Golf has warned staff that layoffs could be imminent as the organization struggles with its funding situation [4]. The league's primary backer, Saudi Arabia's Public Investment Fund (PIF), announced it would no longer provide financial backing for LIV Golf after 2026 [1][2].
LIV Golf CEO Scott O'Neil has also been involved in pitching the league to potential investors. In one of his pitches, he highlighted the league's losses as a way to attract funding [5]. However, another report from AOL suggests that O'Neil may have used these financial losses as part of an attempt to secure new investors for LIV Golf [6][7].
The situation has raised concerns among employees about their future employment with the company. The uncertainty surrounding the league's future and its ability to find new funding sources is causing significant anxiety within the organization.