ESPN is laying off employees at an alarming rate. And included in this non-voluntary exodus of network staff is longtime on-air personality Howie Schwab.
The one-time host of “Stump the Schwab” was not at all thrilled to be handed a pink slip on Wednesday. So he went to his Facebook page to vent his frustration at the company.
The thrust of the former ESPN employee's complaint? That the company let him go over salary concerns:
After 26 years at ESPN, I am extremely disappointed to say farewell. I have been proud of my association and my work during my tenure.
I was a loyal employee, displayed respect for others, worked with numerous charities, represented the company well. I always did everything asked of me and more.
What did I get in return today ... word that I should get lost. The only thing that mattered was my salary, which in my view was the lone reason I lost my job.
ESPN is reportedly on track to fire hundreds of employees this summer.
“The company's declining profit margins are widely believed to be the reason for the layoffs,” Tony Manfred writes in Business Insider. “One way to improve those margins is to fire long-time staffer and replace them with young, cheap workers.”
As far as we can tell, that’s what Schwab thinks is going on here.
And then there's this tweet from Dick Vitale:
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