Getting cut from a National Football League team is an everyday occurrence, but getting sacked from the back office is not. In response to the economic downturn, the NFL announced it will cut almost 14%, or 150 workers, from its league staff, which does not include jobs at each individual team. The layoffs are the first of its size for the league, and the reduction exemplify how even a cash cow like the NFL, which had revenues of $7.7 billion last year, is not immune to the troubles of the rest of the economy. Additionally, ticket sales so far declined 1% behind last year's record attendance of 22.3 million, signaling bad news for the players. The league recently ended its negotiations for a new collective bargaining agreement with the players' union, which is set to expire after the 2010 season and could set the stage for a player strike. - Gerald Magpily
Continue reading below
