Orlando Magic to lay off 31 employees amid coronavirus pandemic | Launderer report

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John Raoux / Associated Press

The Orlando Magic laid off 31 full-time employees on Friday, nearly 10 percent of the organization’s entire workforce, resulting in “dramatic loss of earnings” from the coronavirus pandemic, by Josh Robbins and Shams Charania from The Athletic.

Magic CEO Alex Martins confirmed a staff reduction in a statement, although the team did not give an exact figure:

“Our business, along with many others like us, is significantly affected by COVID-19. We had to make very difficult business decisions in these unprecedented times. Because of this reality, we had to make the very difficult decision to assess our overall structure, reorganize and downsize.

“For an organization like ours, whose mission is centered on our employees, and which creates the best possible working environment, anchored in family values, this is a very difficult situation to face, and it will be even more difficult for our colleagues who will be leaving us. Please know that we do not take this decision lightly, and although it is very difficult for our colleagues to whom we have to say goodbye, please be aware that it is a decision which is also very difficult for our organization. It is not the fault of any particular individual that we must part with today, this decision is simply to become more efficient in a post COVID-19 environment and the demand to be more efficient in this unknown future. we are facing. ”

Athletic notes that the team also eliminated 16 positions that were currently vacant.

The DeVos family currently owns the majority of the team and has a reported net worth of $ 5.4 billion in 2018, per Forbes. The property, including the DeVos family, and Magic players have already announced $ 2 million funds for the nearly 1,800 hourly workers at Amway Center after the season was interrupted on March 11.

Orlando still had 10 home games at that time, and while the team will participate in the NBA restart later this month, individual franchises are bracing for overall revenue cuts.

“To those to whom we have to say goodbye, we have provided very fair severance pay, continued health care benefits, outplacement services and wellness consultations,” Martins said. “We thank all those who leave us from the bottom of their hearts for their dedication, hard work and compassion for the Magic organization. “

It’s the second time Over the past decade, a loss of games has forced the Magic to lay off employees after 20 employees and 12 vacant positions were cut in the 2011 lockout.



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