Lakers conduct massive layoffs as part of reorganization under new ownership: ‘Full rebuild and retool’
The Los Angeles Lakers have implemented significant layoffs as part of a reorganization under new ownership. This restructuring follows the sale of the team to Mark Walter, who aims for a 'full rebuild and retool' of the organization. Key personnel changes and new hires have also been made to enhance the team's operations and facilities.
- ▪The Lakers conducted layoffs across multiple departments as part of a reorganization.
- ▪This restructuring follows the sale of the team from the Buss family to Mark Walter at a $10 billion valuation.
- ▪New owner Mark Walter and president of basketball operations Rob Pelinka are leading the team's overhaul.
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NBA breaking Lakers conduct massive layoffs as part of reorganization under new ownership: ‘Full rebuild and retool’ By Melissa Rohlin and Khobi Price Published May 27, 2026, 6:06 p.m. ET See more of our coverage in your search results. Add The California Post on Google The Lakers have conducted layoffs across multiple departments Wednesday, the California Post confirmed. The layoffs are a part of a reorganization following the sale of the team from the Buss family to Mark Walter at a $10 billion valuation nearly a year ago.
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