LIV Golf Lays Off Majority as PIF Funding Ends

LIV Golf told the majority of its workforce that jobs will end in early September as funding from Saudi Arabia’s Public Investment Fund is set to terminate after the 2026 season, following the season’s abrupt conclusion in Indianapolis. The layoffs come as LIV pursues a reimagined LIV 2.0 and seeks new funding to sustain operations. A lead investor reportedly Ted Goldthorpe of BC Partners has signed a term sheet to back LIV’s next phase; some employees may be rehired if the new model comes together, though exact staff counts remain unclear. Leadership says the cuts are part of transitioning to a smaller, more sustainable structure, with a deal expected in September. Analysts note ongoing uncertainty around LIV’s future, including potential bankruptcy and how many staff will be needed under the new model. The situation also affects players who shifted to LIV, as the PGA Tour would require clearing commitments and funding viability for any return.