University Of Utah Athletics Begins Layoffs

(Salt Lake City, UT) — The University of Utah athletic department has begun layoffs as it prepares for a new partnership with a private equity firm. The Salt Lake Tribune reports the staffing reductions started ahead of the school’s agreement with Otro Capital. University officials say the layoffs are tied to shifting responsibilities to Crimson Brand Partners, a new entity created through the partnership. The agreement is intended to help support the athletic department’s business and revenue operations moving forward.