Fox Sports cuts sports analytics jobs in bid to cut costs

Fox Sports announced Thursday it will cut some of its sports analytics and business development jobs.

The company says it will lay off 1,000 full-time employees in its sports operations division, as well as 1,500 part-time positions in its technology and digital platforms, including the company’s YouTube video platform.

Fox Sports also said it will be shedding a variety of positions in marketing, public relations, digital and other areas.

Fox Sports says the cuts come on top of a $2 billion reduction it plans to make in the next fiscal year.

Fox says it is also laying off an additional 100 people in its global advertising and sponsorship operations.

The company also says it’s laying off one employee per week.

It says it has eliminated more than 2,000 jobs worldwide.

Fox says it expects its sports division to add $2.5 billion in annual revenue for the year, and it expects a $1.2 billion net loss in its fiscal year 2018.

Fox also said Thursday it expects to add about 1,200 full- and part-timers at its studios and sports-related sites in the U.S.

The cuts will reduce Fox Sports’ total ad revenue by $1 billion, according to a statement.

The layoffs come on the heels of the company cutting its marketing budget for the 2018-19 season by $700 million, a $50 million reduction.

Fox is also cutting its ad sales, as the company tries to reduce its ad spend as it shifts to streaming, digital video and mobile devices.

The move comes after a year when Fox Sports was among the top cable networks in sports viewership and ad revenue.

But in recent months, the company has struggled to compete with ESPN, which has a huge amount of free time and a bigger audience.