LIV Golf begins laying off employees while downsizing to restructure without Saudi funding

LIV Golf begins laying off employees while downsizing to restructure without Saudi funding 1 of 5 | LIV Golf season-long champion captain Jon Rahm, of Legion XIII, poses with the trophy after the final round of LIV Golf Indianapolis, Sunday, Aug. 23, 2026, in Westfield, Ind. (Montana Pritchard/LIV Golf via AP) 2 of 5 | Captain Joaquín Niemann, of Torque GC, hits from the 16th tee during the first round of LIV Golf Bedminster at Trump National Golf Club, Thursday, Aug. 6, 2026, in Bedminster, N.J. (Montana Pritchard/LIV Golf via AP) 3 of 5 | Fans walk along a path during the third round of LIV Golf Bedminster at Trump National Golf Club, Saturday, Aug. 8, 2026, in Bedminster, N.J. (Elise LeBlanc/LIV Golf via AP) 4 of 5 | Tyrrell Hatton, of Legion XIII, looks from the 13th green during the first round of LIV Golf Indianapolis, Thursday, Aug. 20, 2026, in Westfield, Ind. (Pedro Salado/LIV Golf via AP) 5 of 5 | Captain Bryson DeChambeau, of Crushers GC, hits from the 16th tee during the first round of LIV Golf Bedminster at Trump National Golf Club, Thursday, Aug. 6, 2026, in Bedminster, N.J. (Montana Pritchard/LIV Golf via AP) 1 of 5 | LIV Golf season-long champion captain Jon Rahm, of Legion XIII, poses with the trophy after the final round of LIV Golf Indianapolis, Sunday, Aug. 23, 2026, in Westfield, Ind. (Montana Pritchard/LIV Golf via AP) 1 of 5 LIV Golf season-long champion captain Jon Rahm, of Legion XIII, poses with the trophy after the final round of LIV Golf Indianapolis, Sunday, Aug. 23, 2026, in Westfield, Ind. (Montana Pritchard/LIV Golf via AP) Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. Share 2 of 5 | Captain Joaquín Niemann, of Torque GC, hits from the 16th tee during the first round of LIV Golf Bedminster at Trump National Golf Club, Thursday, Aug. 6, 2026, in Bedminster, N.J. (Montana Pritchard/LIV Golf via AP) 2 of 5 Captain Joaquín Niemann, of Torque GC, hits from the 16th tee during the first round of LIV Golf Bedminster at Trump National Golf Club, Thursday, Aug. 6, 2026, in Bedminster, N.J. (Montana Pritchard/LIV Golf via AP) Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. Share 3 of 5 | Fans walk along a path during the third round of LIV Golf Bedminster at Trump National Golf Club, Saturday, Aug. 8, 2026, in Bedminster, N.J. (Elise LeBlanc/LIV Golf via AP) 3 of 5 Fans walk along a path during the third round of LIV Golf Bedminster at Trump National Golf Club, Saturday, Aug. 8, 2026, in Bedminster, N.J. (Elise LeBlanc/LIV Golf via AP) Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. Share 4 of 5 | Tyrrell Hatton, of Legion XIII, looks from the 13th green during the first round of LIV Golf Indianapolis, Thursday, Aug. 20, 2026, in Westfield, Ind. (Pedro Salado/LIV Golf via AP) 4 of 5 Tyrrell Hatton, of Legion XIII, looks from the 13th green during the first round of LIV Golf Indianapolis, Thursday, Aug. 20, 2026, in Westfield, Ind. (Pedro Salado/LIV Golf via AP) Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. Share 5 of 5 | Captain Bryson DeChambeau, of Crushers GC, hits from the 16th tee during the first round of LIV Golf Bedminster at Trump National Golf Club, Thursday, Aug. 6, 2026, in Bedminster, N.J. (Montana Pritchard/LIV Golf via AP) 5 of 5 Captain Bryson DeChambeau, of Crushers GC, hits from the 16th tee during the first round of LIV Golf Bedminster at Trump National Golf Club, Thursday, Aug. 6, 2026, in Bedminster, N.J. (Montana Pritchard/LIV Golf via AP) Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. Share Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] LIV Golf has informed employees their jobs will end next week as the league begins life without Saudi funding, downsizing operations as it pursues an agreement with a lead investor to reshape the league for next year.It was not clear how many or what percentage of employees are being laid off. LIV ended its fifth season last week outside Indianapolis, one week earlier than expected.The staff reduction was not a surprise. LIV Golf learned in April the Public Investment Fund of Saudi Arabia would end financial backing after this season. LIV in July filed a notice under the Worker Adjustment and Retraining Notification Act that indicated layoffs were likely.There also was hope that several employees could be hired back depending on LIV securing its agreement with the lead investor and how the new league — LIV 2.0 — might look.“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,” LIV said in a statement Wednesday. “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.”CEO Scott O’Neil announced earlier this month that he had come to terms with a lead investor, which multiple reports have indicated was BC Partners, and they were hopeful of finalizing the deal in September. 3 MIN READ 1 MIN READ 4 MIN READ LIV Golf had its shortest season since the year it launched in 2022, losing events in New Orleans and the team championship in Michigan, with the team title merged into the Indiana event. Still to be determined are the futures of its biggest names, starting with Jon Rahm and Bryson DeChambeau. Rahm still is under contract while DeChambeau started the year negotiating for a renewal. That was before Saudi Arabia pulled the plug on the funding when the Iran war led PIF to reshape its investment priorities.O’Neil has not ruled out filing for bankruptcy as part of the restructuring. LIV already faces two lawsuits for not paying vendors for services. Tyrrell Hatton, a four-time Ryder Cup player from England who joined LIV in 2024 with Rahm’s team, entered the British Masters this week once he learned the team championship in Michigan had been canceled.He said Wednesday he has “multiple years” on his contract with LIV. Hatton plans to play five of the next seven weeks on the European tour beginning with the British Masters, which starts the qualifying period for the Ryder Cup for Team Europe.He said he expects LIV Golf to be playing in 2027.“I know they have worked really hard to getting funding stuff in place. So I know it’s full steam ahead on that front,” Hatton said. He also said he has continued to play the European tour and “I don’t see why that should change for me in the future.”O’Neil has pitched a 10-tournament schedule for LIV, half of them overseas and half in the United States. Key to that plan is making sure his players can compete anywhere, though his mantra of “Complete, Not Compete” didn’t sit well with tours that lost players to big signing bonuses.The PGA Tour has banned LIV players for at least one year dating to their last LIV appearance. An exception was made for five-time major champion Brooks Koepka, who ended his contract with LIV at the end of 2025 and returned to the PGA Tour under stiff financial penalty. O’Neil said last week in Indiana the first stage of LIV required big investments.“This next chapter requires something quite different — commercial discipline,” he said. ”I wasn’t here in the early days, but at least reputationally, it was a bit more free-spending than it will be in the future. We’ve taken a real disciplined look at the cost side of the business.” Ferguson has been The AP’s golf writer since 1998. He is a recipient of the PGA Lifetime Achievement in Journalism award.