sports
LIV Golf lays off 'majority' of staff as crisis hits and Hatton speaks out
LIV Golf has announced major staff redundancies just a few months after Saudi Arabia's Public Investment Fund pulled back its financial backing. While the exact numbers of the redundancies are unclear, reports claim the majority of staff have been laid off as a result of funding being withdrawn.
TL;DR
- LIV Golf has announced major staff redundancies following the withdrawal of financial backing from Saudi Arabia's Public Investment Fund.
- Reports suggest the majority of staff have been laid off as funding has been withdrawn.
- LIV Golf is scaling back operations as it transitions to 'LIV 2.0'.
- The organization is in talks with a new financier to replace the PIF fund.
- Tyrell Hatton has denied that his walk-on music choice signifies an exit from LIV Golf, stating he has multiple years left on his contract.