Yesterday we wrote about how the Oakland A’s may lay off a number of employees. They have yet to do so yet -- and last night they announced they’d pay employees through May 31 -- but the Tampa Bay Rays have.
The Tampa Bay Times reports that staff has informed by principal owners Stuart Sternberg and team presidents Matt Silverman and Brian Auld that a number of full-time employees will be furloughed effective this Saturday. The Times reported the furloughs are believed to involve less than half the club’s 400-to-500 full-time employees. They are temporary layoffs, not job eliminations. How long the furloughs are, however, depends on job function and could be lengthy:
In addition to the furloughs, some members of the baseball operations department are to receive pay cuts starting at 10%.
Forbes estimated that the Rays had an operating income of $68 million in 2019 on revenue of $264 million, $31 million of which came from gate receipts. Principal owner Stuart Sternberg is estimated to have a net worth of around $800 million dollars.
UPDATE: Missed this, but the Marlins will be furloughing business operations staff as well.
