LIV Golf lays off many of its employees as it prepares for second iteration with new investors
LIV Golf's 2026 campaign ended on Aug.23 in Indianapolis, although the conclusion came a week early after the Team Championship in Michigan, slated for the end of August, was canceled earlier this month."The funding commitment announced by PIF earlier this year will reach its conclusion.
As a result, we are scaling back operations as we transition to the next chapter of LIV Golf and work toward making LIV 2.0 a reality," a LIV Golf spokesperson shared.A general view of the 18th hole during day four of LIV Golf Indianapolis at The Club at Chatham Hills on Aug.23, 2026 in Westfield, Ind.
(Photo by Michael Miller/ISI Photos/ISI Photos via Getty Images) (Michael Miller/ISI Photos/ISI Photos via Getty Images)WYNDHAM CLARK ADDRESSES CHEATING ALLEGATIONS AFTER BEING ACCUSED OF IMPROVING LIE DURING BMW CHAMPIONSHIP WIN"This week, we informed many of our colleagues that their employment under LIV 1.0 will end in the first week of September.We are grateful to our employees for their hard work and dedication in building LIV Golf, and we remain committed to supporting those affected through this transition."LIV leadership continues to be optimistic that the league will continue in 2027, calling it a new 'LIV 2.0' version, while it is also hopeful that many of the employees soon to be laid off can return.LIV Golf CEO Scott O'Neil speaks at a press conference on Aug.
19, 2026, before the first round of LIV Golf Indianapolis at The Club at Chatham Hills in Westfield, Ind.(Photo by Brian Spurlock/Icon Sportswire via Getty Images) (Brian Spurlock/Icon Sportswire via Getty Images)OUTKICK IS NOW ON THE FOX APP: CLICK HERE TO DOWNLOADLIV Golf CEO Scott O'Neil announced on Aug.
5, ahead of the circuit's event at Trump National Bedminster, that a new investor had been secured, and a term sheet had been signed.Specific details of the investor have yet to be announced."LIV Golf has an agreement in place with a lead investor, signed by the investor and approved by the Board, to anchor ...