Pacers Detail Workforce Reduction
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPacers Sports & Entertainment is cutting some of its full-time employees as a result of the COVID-19 pandemic. A spokesperson for the company, which owns the Indiana Pacers and Indiana Fever, has confirmed to Inside INdiana Business the move will affect about 16% of the organization’s workforce.
President and Chief Operating Officer Rick Fuson said while the company has been able to avoid workforce disruptions over the last four months, “the continued uncertainty of a return to fully-attended events” has made continuing such measures unavoidable.
“As a result, we have reduced our full-time workforce and have implemented other significant cost-cutting measures in response to the effects of these unprecedented and unforeseen circumstances,” said Fuson. “To our colleagues that are affected by this reduction, we will provide severance wages, a health care subsidy, and connections to resources and support services to help them transition to their next professional opportunities.”
Fuson called the decision “very difficult” and expressed gratitude to the employees affected by the move.