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Maple Leafs lay off 25% of their staff

A rough day for the Leafs organization.

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Maple Leaf Sports and Entertainment, owner of the NHL’s Toronto Maple Leafs, the NBA’s Toronto Raptors, Major League Soccer’s Toronto FC, and the CFL’s Toronto Argonauts, have laid off 25 of its staff, officially moving these employees to "inactive" status.

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"These past nine months have been the most challenging we have ever experienced, and while we had hoped to see signs of a return to a more normal business operations by now, the effects of the second wave of the pandemic have forced us to brace for further uncertainty," said Michael Friisdahl, president and CEO of MLSE, in a statement to BNN Bloomberg.

"Our focus has been on doing everything possible to protect our employees and support our community, fans, and partners while mitigating the financial impact of the pandemic. As difficult as this time has been, we know that the strength of our company, teams and our community will allow us to return stronger than ever.”

The duration of these layoffs will be based on MLSE's ability to return to normal business operations, meaning "we'll hire you back when we start making money again."