Unfortunately, layoffs are continually a story in this economy, and James Dolan’s MSG company is no exception. Dolan recently divided the company into MSG Entertainment and MSG Sports, which covers the Knicks and the Rangers. Both companies have been hit hard by the COVID-19 pandemic, and now both companies are laying off a substantial portion of their workforce, according to The New York Post.
“Its sister company, MSG Sports, which owns the New York Knicks and the New York Rangers, is cutting 50 jobs, or about 15 percent of its corporate staff.