The Panthers laid off approximately 30 employees today with most of the damage coming within the team's sales department.
I was told at least one Vice President was fired as well as a long-time employee within the team's public relations staff. Other positions from throughout the organization were closed. I've been told many won't be replaced, at least not anytime soon.
According to someone who spoke with me this afternoon, the team called a meeting in a conference room at the arena and told those employees there they were being let go.
The message: The team is losing money and needs to save some.
"After a careful review of our business, earlier today we undertook a reorganization that resulted in certain positions being eliminated,'' CEO Rory Babich wrote in a statement.
"As we continue to develop a long-term, sustainable business model, these changes will enable us to operate efficiently and effectively while continuing to focus on bringing the best in sports and entertainment to BB&T Center and providing best in class service for our sports and entertainment fans."