LIV Golf reportedly signals mass layoffs amid search for investors after Saudi Arabia pulls funding

By Ryan Young — In News — July 8, 2026

   ​LIV Golf has informed employees in both the United States and the United Kingdom that it may soon undertake mass layoff actions, according to reports from Sportico and the Sports Business Journal. The organization filed a Worker Adjustment and Retraining Notification (WARN) Act notice, a legal obligation for businesses with more than 100 employees to provide at least 60 days’ notice of potential large-scale layoffs or plant closures. The United Kingdom also requires similar layoff notifications. LIV Golf’s operations are headquartered in both New York and London, and the company reportedly employs more than 300 people worldwide. At this time, the precise details of any layoffs have not been disclosed, and no staff reductions have yet occurred. The Sports Business Journal indicates that no final decisions regarding layoffs have been made by the league.
In a statement to Sportico, a LIV Golf spokesperson said, “There are no changes to LIV Golf’s current workforce, operations, or schedule at this time. As our process to identify strategic investors moves forward in a positive direction, and as part of responsible planning for a range of possible outcomes, we have notified employees in the United States and United Kingdom of potential future actions related to the League’s corporate workforce. This step is being taken in accordance with legal obligations in each jurisdiction. We deeply appreciate our employees’ continued dedication as we work toward a strong and sustainable future for the League.”
The reports arrive amid a difficult period for LIV Golf as it seeks to chart a course beyond the 2026 season. Saudi Arabia’s Public Investment Fund, which initially backed the league and invested more than $5 billion from its inception, announced earlier this year that it would halt funding after 2026. The organization is trying to advance a plan dubbed “LIV 2.0,” which aims to slightly adjust the format to both attract golfers and appeal to potential investors. There are rumors that the group is seeking as much as $250 million to sustain operations next year, while reports also suggest LIV Golf has begun laying groundwork for a possible U.S. bankruptcy. Some outlets claim that LIV Golf is now operating on loans for the remainder of 2026, a scenario that places additional financial pressure on the venture.
LIV Golf has faced ongoing challenges in gaining broad traction in the golf world, with notable defections such as Brooks Koepka and Patrick Reed returning to the PGA Tour following what many described as a merger-of-sorts that did not fully cohere in the way initially envisioned. With four events remaining on the 2026 schedule, CEO Scott O’Neil acknowledged in a CNBC interview that he could not guarantee the events would be played, though he emphasized that he must rely on the assurances of a highly capable organization like the Public Investment Fund.
Additionally, a lawsuit was filed against LIV Golf, the Public Investment Fund, and other involved parties in April. Reportedly first covered in outlets on Tuesday, the suit alleges that LIV Golf improperly appropriated an idea associated with the league’s inception. The complaint is seeking relief and could influence ongoing efforts to stabilize the organization as it navigates financial and strategic uncertainties.  

Content Source: Yahoo News

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