After 70 years, Sports illustrated magazine is reportedly planning to lay off almost all of its print and online employees.
The announcement comes after The Arena Group, the company that publishes the magazine, missed out on a $2.8 million payment to Authentic Brands Group (ABG).
Bought ABG Sports illustrated for $110 million in 2019.
Arena sent an email to employees on Friday, stating: “Some employees will be immediately dismissed and paid in lieu of the applicable notice period under the [the union contract]. Employees with their last working day today will be contacted shortly by the People team. Other employees are expected to continue working until the end of the notice period and will receive additional information shortly.”
The magazine’s union also released a statement Friday, pledging to fight for workers and urging the company to continue publishing issues.
For decades, the sports publication dominated American media and became a staple of popular culture, including its famous annual swimsuit edition.
However, the ideology forced on readers may have been enough to put the company out of business, as many people pointed out that the magazine recently started promoting fat women and trannies.
Popular 𝕏 account Wall Street Silver wrote: “How it started: Sports Illustrated featured a transgender person in a swimsuit on the cover of their annual 2023 swimsuit issue. How it’s going: All Sports Illustrated staff were laid off today. Wake up, break down… strikes again.”
Alex Jones recently went on a rant about how the establishment is using sports to distract the masses from the increasingly dystopian society being created around them: