LIV Golf Announces Major Layoffs Amid Financial Uncertainty
LIV Golf has notified the majority of its workforce that layoffs will occur in the first week of September. This announcement follows the conclusion of the 2026 season in Indianapolis and comes after the Saudi Public Investment Fund ceased its financial backing of the league, having invested over $5 billion in the past five years.
The decision to lay off staff was anticipated, as the organization had previously indicated potential job cuts to employees in both the United States and the United Kingdom. LIV Golf's CEO, Scott O'Neil, is currently negotiating with a new lead investor to support a restructured version of the league, known as LIV 2.0. However, the league's future remains uncertain, highlighted by the cancellation of the season-ending team championship in Michigan and significant reductions in event prize money.
O'Neil has acknowledged the urgency of securing a new investment deal, which requires approval from a majority of the current players. Reports suggest that Ted Goldthorpe from BC Partners may become the new lead investor. The plan for LIV 2.0 includes hosting ten events in the 2027 season, split between the United States and international locations, with an investment target of $250 million to $350 million aimed at achieving profitability within three years.
