{"id":11951,"date":"2023-04-13T03:41:51","date_gmt":"2023-04-13T03:41:51","guid":{"rendered":"https:\/\/sasquatchnewsonline.com\/?p=11951"},"modified":"2023-04-13T03:41:51","modified_gmt":"2023-04-13T03:41:51","slug":"woke-nba-freezes-hiring-and-spending-citing-harsh-economy","status":"publish","type":"post","link":"https:\/\/sasquatchnewsonline.com\/?p=11951","title":{"rendered":"Woke NBA Freezes Hiring and Spending, Citing Harsh Economy"},"content":{"rendered":"

The NBA went woke a few years ago, embracing Black Lives Matter following the death of George Floyd.<\/p>\n

Now that might be catching up with them.<\/p>\n

Despite Janet Yellen\u2019s recent claim that the United States is doing great economically<\/a>, the NBA is freezing all new spending and hiring and blaming the economy for the decision.<\/p>\n

OutKick<\/a> reports:<\/p>\n

GO WOKE, GO BROKE? NBA BLAMES HARSH ECONOMY FOR CUTTING SPENDING, LIMITING HIRING<\/strong><\/p>\n

The NBA might be bracing for some financial troubles.<\/p>\n

NBA officials instructed league office staff to cut spending and limit hiring due to \u201ceconomic headwinds\u201d for the rest of the year, according to a memo from executives Kyle Cavanaugh and David Haber obtained by the New York Times.<\/p>\n

The memo claims the NBA is \u201cfacing a very different economic reality than just one year ago. We are seeing significant challenges to achieving our revenue budget with additional downside risk still in front of us.\u201d<\/p>\n

The NBA previously laid people off in 2020 due to the coronavirus pandemic, according to the same report, but the reasons for this belt tightening have much more to do with the economy teetering on a recession.<\/p>\n

The NBA is far from alone. Many major organizations have had to cut costs and fears ripple through the economy. Disney slashed positions, ESPN is reportedly going to cut positions left and right, the tech industry has also been hit hard and news companies such as CNN and the Washington Post are also trimming up.<\/p>\n

Is the economy the only problem here, or are there other factors at play?<\/p>\n

The NBA is freezing hiring and preparing for layoffs according to @nytimes<\/a>. The league cites the challenging economy as the culprit. https:\/\/t.co\/mmWmxj5GXt<\/a><\/p>\n

\u2014 Clay Travis (@ClayTravis) April 12, 2023<\/a><\/p>\n\n

NBA just announced it\u2019s cutting staff due to \u201ceconomic headwinds.\u201d<\/p>\n

In other words going woke hasn\u2019t helped the bottom line.https:\/\/t.co\/QWhusBQwI7<\/a><\/p>\n

\u2014 Paul A. Szypula (@Bubblebathgirl) April 12, 2023<\/a><\/p>\n\n

Just wait until this starts affecting player paychecks.<\/p>\n

The NBA might want to refocus on just playing basketball and drop all the social justice activism.<\/p>\n

The post Woke NBA Freezes Hiring and Spending, Citing Harsh Economy<\/a> appeared first on The Gateway Pundit<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The NBA went woke a few years ago, embracing Black Lives Matter following the death of George Floyd.<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-11951","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nWoke NBA Freezes Hiring and Spending, Citing Harsh Economy - Sasquatch News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sasquatchnewsonline.com\/?p=11951\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Woke NBA Freezes Hiring and Spending, Citing Harsh Economy - 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