Framing Analysis
LIV Golf announced layoffs affecting most of its more than 300 corporate employees in the United States and Britain, with terminations effective in early September. The move follows the Public Investment Fund's decision to end funding after the 2026 season and the league's signing of a term sheet with a new lead investor. The league launched in 2022 with over $5 billion in PIF support and used large signing bonuses to attract players including Bryson DeChambeau and Jon Rahm.