LIV Golf begins laying off employees while downsizing to restructure without Saudi funding

LIV Golf announced on Wednesday that it will be laying off some of its employees next week as it downsizes operations and prepares to transition to a new league, LIV 2.0. The league, which is currently without Saudi funding, filed a notice under the Worker Adjustment and Retraining Notification Act in July, indicating that layoffs were likely.

The reduction in staff is expected to affect many of the company's employees, although the exact number of layoffs has not been disclosed. LIV Golf's season was shortened this year, ending one week earlier than anticipated. The company had learned in April that the Saudi Public Investment Fund would end its financial backing for the league after this season.

LIV Golf CEO Scott O’Neil has reportedly come to terms with a lead investor, which is believed to be BC Partners, with finalization of the deal expected in September. The league had its shortest season since its launch in 2022, with several events canceled in New Orleans and Michigan, as the team title was merged into the Indiana event.