LIV Golf Axes Hundreds as it Prepares for Second Iteration with New Investors Coming Soon

LIV Golf is laying off many employees as it prepares for its second iteration with new investors, with terminations expected to begin in early September, marking a surprising move that comes ahead of the golf league's planned relaunch. The mass layoffs come as LIV alluded to in a statement that such action was anticipated. Several key positions have been impacted by the layoffs, although no further details have been disclosed. The reason behind the large-scale dismissals remains unclear at this time.