U.S. Olympic Committee cuts staff
DENVER (AP) — The U.S. Olympic and Paralympic Committee is eliminating 51 positions and furloughing 33 more as part of a dramatic cut in staffing designed to trim up to 20% of its budget to respond to shortfalls caused by the coronavirus pandemic.
“I am overwhelmed by the magnitude of this change. It is significant,” CEO Sarah Hirshland wrote in a letter sent Thursday to Olympic stakeholders and obtained by The Associated Press.
The letter said 32 employees had been offered different roles in the organization, setting up the possibility that not all the eliminated or furloughed positions will result in a temporary or permanently lost jobs.
Still, the moves, combined with more than 30 employees who previously took buyout offers, will result in a staff of about 500 being reduced by nearly one-fifth.
These are the most drastic cuts since 2009, when the federation laid off 54 employees to handle recession-related shortfalls.