Sports News

Lay-Offs At US Olympics & Paraolympics Commitee

More than 30 members of staff have reportedly accepted offers for voluntary redundancy from the United States Olympic and Paralympic Committee (USOPC).

The voluntary redundancies come as the organisation looks to cut costs by up to 20 per cent in light of the postponement of the Tokyo 2020 Olympic and Paralympic Games.

That, coupled with the widespread economic woes brought on by the coronavirus crisis, led chief executive Sarah Hirshland to say last month that there is “no scenario in which we will not see significant revenue loss over the next five years”.

Hirshland has already taken a 20 per cent pay cut.

According to Sports Business Journal, an offer that would see employees receive two weeks of severance for every year of service up to 26 years was accepted by in excess of 30 staff members.

Some USOPC staff have shared that they are leaving the organisation on social media, including senior vice-president and managing director for marketing and media.

Hirshland has previously said that the USOPC will not use part of its $200 million (£162million/€184million) reserves to deal with its financial shortfall, preserving that money in the event of a cancaelled Olympic Games.

It will be recalled that a request to Congress for financial aid was rejected in March.

By discernsportblog

Former sprinter, Taewondo and Badminton Player. Sport Physiotherapist

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