Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

NBA’s Lakers cut loose 20 staff

Posted: July 26th, 2011 | Author: | Filed under: By Location, USA | Tags: | No Comments »

NBA glamour club the Los Angeles Lakers have laid off about 20 employees including a longtime assistant general manager and five scouting staff.

Assistant general manager Ronnie Lester and scout Gene Tormohlen, who put in 43 years with the club, are part of the group of employees who were told they were being laid off or that their contracts would not be renewed.

From: Big Pond News

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