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 course of ending its building of MSG Sphere, an leisure venue in Las Vegas.
Estimates for the challenge, scheduled for completion in 2023, lately elevated to $2.175 billion (up from its earlier $2 billion projection).
“We now have made organizational modifications that may allow us to extra successfully meet the wants of our companions and place us for the long run,” mentioned MSG Sports activities and MSG Leisure in a press release to The Athletic.