LIV Golf is facing significant changes as it prepares for the future. The organization notified employees of impending layoffs scheduled for the first week of September. This move follows the Saudi Public Investment Fund’s (PIF) decision to cease funding by the end of the 2026 season.
LIV Golf’s 2026 season concluded on August 23 in Indianapolis. The season ended earlier than planned due to the cancellation of the Team Championship event in Michigan. A spokesperson for LIV Golf explained the reason behind these decisions, stating, “The funding commitment announced by PIF earlier this year will reach its conclusion. As a result, we are scaling back operations as we transition to the next chapter of LIV Golf and work toward making LIV 2.0 a reality.”
The company expressed gratitude to its employees for their efforts in building LIV Golf. As the transition occurs, LIV Golf promises support for those affected by these changes. Despite the layoffs, LIV Golf is optimistic about the future and anticipates the league’s continuation in 2027 with a version called ‘LIV 2.0.’ There is hope that laid-off employees may return.
On August 5, prior to an event at Trump National Bedminster, CEO Scott O’Neil shared news of a new investor. Although specific details of the investor remain undisclosed, a term sheet has been signed, providing an anchor for the league’s forthcoming era.
LIV 2.0 plans are beginning to take shape. Under the new structure, players will hold a substantial equity stake. The 2027 schedule is expected to encompass 10 events, split between the United States and international locations.
This adjustment marks a significant transition for LIV Golf as they prepare for the evolution of the league and strive to create new opportunities for players and staff alike.
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