LIV Golf has informed numerous employees that their jobs will conclude at the start of September. The Saudi Public Investment Fund (PIF) had previously announced it would cease funding the circuit after 2026. This follows the end of LIV Golf’s 2026 season on August 23 in Indianapolis. A scheduled championship in Michigan was canceled earlier.
A spokesperson for LIV Golf stated, “The funding commitment announced by PIF earlier this year will reach its conclusion. As a result, 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 announcement coincides with the final round at The Club at Chatham Hills in Westfield, Indiana.
This week, LIV informed many employees about the impending end of their employment under LIV 1.0. The organization expressed gratitude for their efforts, committing to support them during this period.
Despite the layoffs, LIV leadership remains hopeful about continuing operations in 2027, under the new ‘LIV 2.0’ model. There is optimism that affected employees might return in the future.
On August 5, before LIV Golf’s event at Trump National Bedminster, CEO Scott O’Neil disclosed securing a new investor. Although specifics are pending, the investor is set to play a pivotal role in the league’s evolution.
LIV 2.0 plans reveal that participating players will hold a majority of equity. The 2027 schedule is expected to include 10 events, evenly split between the United States and international locations.
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