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MSG Sports is laying off 50 employees

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Times are tough.

Coronavirus Pandemic Causes Climate Of Anxiety And Changing Routines In America Photo by Bruce Bennett/Getty Images

Unfortunately, layoffs are continually a story in this economy, and James Dolan’s MSG company is no exception. Dolan recently divided the company into MSG Entertainment and MSG Sports, which covers the Knicks and the Rangers. Both companies have been hit hard by the COVID-19 pandemic, and now both companies are laying off a substantial portion of their workforce, according to The New York Post.

“Its sister company, MSG Sports, which owns the New York Knicks and the New York Rangers, is cutting 50 jobs, or about 15 percent of its corporate staff.

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Laid-off employees will receive severance and benefits packages, as well as outplacement support, to help with their transition, the company said.”

This is more of the business side of MSG and probably shouldn’t affect basketball operations side, headed by team president Leon Rose. Dolan just handed out a fat, five-year contract to head coach Tom Thibodeau, and the word on the street is that Rose is planning to dramatically expand the coaching staff.

Still it’s never fun to see people lose their jobs. A total of 1.900 part-time MSG venue employees were cut in May, as the Garden sits empty due to the pandemic.