"We made a decision some months ago that the economy was going to be a bit wobbly, so we began a belt-tightening that will result in a work-force reduction of about 9 percent domestically," Stern said Sunday, speaking before an NBA preseason game at London's O2 arena.

This translates into about 80 jobs, he later told Reuters.

"There is a season-ticket renewal rate decline, and new sales are also being hit," he said. "My guess is when [the regular season] kicks off, we will be down modestly in season ticket sales."


http://sports.espn.go.com/nba/news/story?id=3640507&campaign=rss&source=NBAHeadlines


You know we're going through rough times when the NBA has to lay off some of their personnel. Wow.