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Madison Sq. Backyard underwent a restructuring this week that affected each MSG Sports activities and MSG Leisure.
The restructuring included a number of layoffs.
MSG is at present in the midst of ending its development of MSG Sphere, an leisure venue in Las Vegas.
Estimates for the undertaking, scheduled for completion in 2023, not too long ago elevated to $2.175 billion (up from its earlier $2 billion projection).
“Now we have made organizational modifications that may allow us to extra successfully meet the wants of our companions and place us for the longer term,” mentioned MSG Sports activities and MSG Leisure in a press release to The Athletic.
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