LIV Golf notifies US and UK staff of possible layoffs

The LIV Golf league has notified employees in the United States and the United Kingdom of potential mass layoffs, a legal step signaling severe financial strain as its primary Saudi backer prepares to withdraw funding. The league confirmed it filed a Worker Adjustment and Retraining Notification Act notice, a legal requirement for large businesses planning significant workforce reductions, though it stated there are currently no changes to its operations or schedule.

This action comes as the league scrambles to secure hundreds of millions of dollars in new capital following the Saudi Arabian Public Investment Fund's announcement earlier this year that it will cease funding after the 2026 season. Reports estimate the PIF invested between $5 billion and $8 billion into LIV since its 2022 launch. In a statement, LIV said the notification was "part of responsible planning for a range of possible outcomes" as it works to identify strategic investors. The league employs more than 300 people globally, with headquarters in New York and London.

The financial uncertainty is compounded by a major new lawsuit filed against LIV Golf, the PIF, and related entities. The legal action, filed in...