LIV Golf crisis deepens with 90 per cent of staff set to lose jobs after Saudi funding ends

TL;DR

LIV Golf is set to dismiss around 90% of its approximately 300 employees.
The cuts are due to the end of funding from Saudi Arabia's Public Investment Fund.
A majority of staff in London and New York offices will leave next week after receiving 30-day termination notices.
A skeleton workforce will remain to manage operations and the transition to 'LIV 2.0'.
CEO Scott O’Neil is seeking $250-300 million in new investment before a September deadline.
Bankruptcy is a possibility if the necessary funding is not secured.
There are reports of unpaid sums owed to vendors, contractors, and players like Jon Rahm.
Departing employees may have opportunities to return if 'LIV 2.0' becomes a reality, though it's expected to be on a smaller scale with reduced prize funds.
Player Tyrrell Hatton expressed confidence in LIV's survival and future funding efforts.

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