LIV Golf Announces Staff Reductions Amidst Shift from Saudi Funding
LIV Golf is laying off employees as it transitions away from Saudi funding and seeks a new lead investor to restructure the league for the upcoming year. The Public Investment Fund of Saudi Arabia will cease its financial backing after…
Fort Myers Naples, FL, August 26, 2026 — LIV Golf has initiated staff layoffs as the upstart golf league prepares to pivot away from financial backing by Saudi Arabia’s Public Investment Fund (PIF) and actively seeks a new lead investor. The PIF will conclude its funding of LIV Golf following the conclusion of the current season.
The organization has filed a Worker Adjustment and Retraining Notification (WARN) notice, signaling impending workforce reductions. This move is part of a broader restructuring effort as LIV Golf aims to secure a new lead investor to shape the league’s future, often referred to as ‘LIV 2.0’.
BC Partners, a private equity firm, is reportedly in consideration as a potential new investor. The terms of any new investment agreement and the future operational structure of LIV Golf will determine the extent to which current employees may be rehired.
Details regarding the specific number of employees affected by the layoffs or the timeline for securing a new investment deal were not immediately available.
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