LIV Golf has informed many employees that their employment will cease starting the first week of September. The organization indicated that the mass layoffs come as no surprise after the Saudi Public Investment Fund (PIF) decided to stop funding the circuit after the 2026 season. LIV Golf’s 2026 campaign ended on August 23 in Indianapolis, even though the conclusion came a week early due to the cancellation of the Team Championship in Michigan, which was supposed to occur at the end of August.
In a statement, a LIV Golf spokesperson explained, “The funding commitment made by PIF earlier this year will reach its conclusion. Consequently, we are scaling back operations as we transition to the next chapter of LIV Golf and work toward making LIV 2.0 a reality.” The spokesperson expressed gratitude to the employees affected during this transition and promised support.
LIV leadership remains optimistic about the league’s continuation in 2027 with a new ‘LIV 2.0’ version. They are hopeful that many of the soon-to-be-laid-off employees may return. On August 5, LIV Golf CEO Scott O’Neil announced ahead of an event at Trump National Bedminster that a new investor has been secured. While specific details of the investor have yet to be disclosed, the investor agreement aims to anchor the league’s next era.
Regarding LIV 2.0, O’Neil stated that players would hold the majority of the equity. The reported 2027 schedule for LIV Golf plans to feature 10 events, split evenly between the United States and international locations.
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