According to the SI employees union, publisher The Arena Group fired staff members of Sports Illustrated on Friday.
Sports Illustrated is a well-known American sports magazine that has become a fixture for sportsmen and fans.
The publisher, The Arena Group, lay off staff at Sports Illustrated, the renowned American sports magazine that became a fixture for sportsmen and fans,
according to the SI employees union. Authentic Brands Group (ABG) terminated its agreement with Arena Group due to nonpayment of licensing rights
as a result, layoff notifications were issued.
"Earlier today, the workers of Sports Illustrated were notified that The Arena Group is planning to lay off a significant number, possibly all, of the Guild-represented workers at SI
a result of ABG revoking Arena's license to publish SI," the union stated in a statement.
"After four challenging years under Arena Group's ownership, Sports Illustrated faces another challenging day.
A notice sent to staffers by Arena said it would "be laying off staff that work on the SI brand."