ESPN reportedly laying off hundreds of employees

These are headlines you never want to see in any industry. Today, out of nowhere, ESPN laid off hundreds of employees. The troublesome signs first appeared on the Twitter page of bestselling author and ESPN authority Jim Miller.
ESPN workforce hasn't faced reductions in its numbers for at least several years. That may no longer be the case. Fasten seat belts.
— James Andrew Miller (@ESPNBook) May 21, 2013
The details are grisly. Miller also pegged the number of layoffs between 300 and 400 employees. Deadspin's John Koblin was told a similar number by sources. Eventually, ESPN would confirm the news in a public statement on the matter that "tried" to put a "positive" spin on the news:
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