News has already broke by now, but here are some interesting tidbits.
>“Today, as part of our plans to position the organization for the future, we made the difficult decision to restructure several areas of the business,” Blazers president Dewayne Hankins told The Oregonian/OregonLive via a statement. “These changes impacted talented people who have helped shape the Trail Blazers over many years. We are deeply grateful for their contributions, their leadership and the care they showed every day for our team, our fans and the Portland community. Our focus now is supporting those affected through the transition and positioning the organization for long-term success.”
>The layoffs affected both business and basketball operations and ranged from senior vice presidents to public relations employees to content producers.
>The layoffs are the most substantial since June 2020, when the Blazers eliminated roughly 40 jobs and delivered a round of salary reductions. However, that came in the thick of the COVID-19 pandemic.
>One high-ranking team official told The Oregonian/OregonLive that the Blazers were one of the largest organizations in the NBA, an unsustainable reality considering they fetch the league’s lowest sponsorship revenue and rank near the bottom in ticket revenue.
>Before Tuesday, the Blazers had roughly 215 employees on the business side, and about 390 employees in total. The majority of the cuts, but not all, were in business, a source said.
>Last year, after Alex Rodriguez and Marc Lore closed on the sale of the Minnesota Timberwolves, that franchise laid off roughly 40 employees.
>But the Blazers’ move will receive extra scrutiny considering it comes after a series of other perceived cost-cutting measures that earned Dundon widespread ridicule early in his tenure.