LIV Golf Cuts Majority of Staff After Saudi PIF Ends Financial Backing
Following the termination of Saudi Public Investment Fund backing, LIV Golf has laid off most of its workforce while leadership negotiates a new ownership structure requiring player approval.
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LIV Golf to lay off majority of staff amid ‘compressed timeline’ for new investors
Saudi Arabia’s PIF have ended financial support Chief executive working on deal but needs players’ buy-in LIV Golf informed the majority of its workforce on Wednesday that they will be laid off in the first week of September. The news comes three days after the 2026 season concluded in Indianapolis and four months after Saudi Arabia’s Public Investment Fund announced it was ending its financial support of the league after spending more than $5bn over the past five years. Continue readin...
By Reuters
Read full article →PIF pulls the plug on LIV Golf
LIV Golf is laying off the majority of its workforce while it tries to secure funding to keep the breakaway competition alive.
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