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Toronto Maple Leafs and Raptors' parent company MLSE slashes workforce

The parent company of the Toronto Maple Leafs and Toronto Raptors appears to be undergoing a major restructuring.On Tuesday, Maple Leaf Sports & Entertainment's CEO, Keith Pelley, sent an internal memo to its employees informing staff that large layoffs were coming to the company.The Canadian Press first reported the news.According to the report, approximately 80 of MLSE's nearly 1,000 full-time jobs have been impacted.Pelley was hired in January 2024 to be the new MLSE CEO and officially took over the position last April.The news of the restructuring comes just one day after an announcement of a $146-million renovation to BMO Field ahead of the 2026 FIFA World Cup, C$23 million of which will be coming directly from MLSE, with the city footing the rest of the bill.MLSE is currently co-owned primarily in equal 37.5 per cent shares by the parent companies of telecommunications giants Bell and Rogers, though Bell's stake in the company has been sold to Rogers in a deal that will be...


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