Sports Illustrated staff received notice on Friday of significant layoffs following the termination of Authentic Brands Group’s agreement with The Arena Group to publish SI in print and digital.
This move came after Arena missed a $3.75 million payment, breaching their licensing deal. The layoffs will affect SI employees, with guild members given 90 days’ notice and the possibility of resolution during that period.
The future of the iconic SI Swimsuit edition remains uncertain, prompting fans to express their concerns and anticipation on social media. While many flocked to discuss their favorite issue of the year, some took the opportunity to criticize SI for what they perceive as a shift toward “wokeness” in recent years.
The fate of the publication continues to be a subject of speculation and discussion among its audience.
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SI has faced financial challenges in the digital age, with recent controversies affecting its stability. The situation continues to evolve.