The National Football League is offering voluntary buyouts to over 200 employees as it prepares for the upcoming playoffs.
With around 1,100 employees, the league told staff in a memo that it is “continuously evaluating ways to enhance efficiency and improve outcomes,”
The memo read: “Every organization is increasingly challenged to be agile, responsible and strategic. The NFL is no exception.”
NFL has shown financial strength, with a 2022 revenue close to $12 billion.
Commissioner Roger Goodell aims to achieve $25 billion in annual revenue by 2027.
Teams, too, are valued at remarkable levels, exemplified by the record-setting $6 billion sale of the Washington Commanders in July.
The buyout offers were extended to qualifying employees based on age and years of service, totaling 70 or more.
The exact number of buyouts the NFL is aiming for remains undisclosed.
Eligible employees are offered a package comprising three weeks’ salary for each year served and additional bonuses.
The deadline for staffers to decide on the buyout option is set for the end of February.
The NFL’s future strategy includes international expansion, the growth of flag football, and ongoing development in media and digital operations.
The league aims to align its workforce with these strategic priorities for continued success.
Notably, this move follows the NFL Network’s layoffs in May, affecting approximately 5 percent of its workforce.
