LIV Golf informed the majority of its workforce on Wednesday that they will be laid off in the first week of September, signalling a rapid contraction of the organisation just days after the close of its 2026 season in Indianapolis.
The move follows a decision by Saudi Arabia’s Public Investment Fund (PIF) to cease its backing of the league four months ago. PIF had invested more than $5 billion in the venture over the past five years.
The league’s chief executive has said he is working to secure a new investor arrangement but that any deal will require buy-in from the players. Organisers have described the situation as a compressed timeline to attract new capital, prompting the workforce reductions as an interim step while talks continue.
The staff cuts will affect a majority of employees, although LIV has not disclosed exact numbers. The announcement comes three days after the season finale in Indianapolis, underscoring the abrupt shift from on-course competition to an urgent financial restructuring.
With PIF’s withdrawal removing the primary source of funding, LIV faces a period of uncertainty as it seeks alternative investors and the agreement of stakeholders. The chief executive’s outreach to potential backers and the need for players’ approval will be central to whether the league can stabilise operations and preserve its long-term plans.
For now, the layoffs mark a significant downsizing for a circuit that has been financed heavily by the PIF, closing a chapter that saw substantial investment over the last five years and leaving the league to chart a new path forward under a much tighter timetable.