LIV Golf is entering a dramatically different era.
After five years of billion-dollar backing from Saudi Arabia’s Public Investment Fund (PIF), the controversial golf league is moving toward a future without that financial support. The first major consequence of the transition is now becoming clear: LIV Golf is preparing to lay off a substantial majority of its workforce in the first week of September.
A LIV Golf source confirmed the layoffs to Yahoo Sports, saying the organization is scaling back its operations as it prepares for what officials are calling “LIV 2.0.”
“The funding commitment announced by PIF earlier this year will reach its conclusion,” the source said. “As a result, we are scaling back operations as we transition to the next chapter of LIV Golf and work toward making LIV 2.0 a reality.”
Employees affected by the layoffs were informed this week that their employment with what LIV is calling “LIV 1.0” will end in September.
The PIF announced in April that it would end its funding of LIV Golf following the conclusion of the 2026 season. LIV is now tasked with finding a new financial model to support the league's future, although there is no guarantee that sufficient funding will be secured.
What Will LIV Golf 2.0 Look Like?
LIV Golf has already outlined plans for a significantly smaller 2027 schedule. The proposed LIV Golf 2.0 season would feature 10 events, with five tournaments in the United States and five international events.
International markets could play an increasingly important role in LIV's future. The league has developed strong followings in countries such as South Africa and Australia, where LIV events have attracted six-figure crowds.
But replacing the enormous financial resources provided by the PIF will be one of LIV Golf's biggest challenges.
LIV's Saudi-backed model allowed the league to spend aggressively on player contracts, tournament purses, infrastructure, marketing and operations. Without that funding, the organization will have to operate on a much different scale.
LIV CEO Scott O'Neil has acknowledged the uncertainty surrounding the league's future during recent press conferences.
“This group has been under enormous pressure,” O'Neil said. “We don't often control our destiny, and we are trying to do and be the best kind and type of people and partners that we built our careers on, our reputations on and our character on.”
O'Neil added that the organization would continue doing the best it could with the resources available.
LIV Golf's Future Remains Uncertain
The transition from LIV 1.0 to LIV 2.0 is expected to take several months. While league officials remain optimistic about the future, the scale of the layoffs demonstrates just how significant the changes will be.
There have also been indications that some employees affected by the layoffs could eventually return if LIV's new business model takes shape.
For now, however, LIV Golf is facing a new reality. The Saudi-backed spending spree that defined the league's first five years is coming to an end, and the next version of LIV will have to prove that it can survive — and compete for golf's attention — with substantially fewer resources.
The 2026 season may have marked the end of LIV Golf as fans have known it. What comes next could determine whether LIV 2.0 becomes a sustainable professional golf league or the beginning of the end of one of the most disruptive experiments in modern golf.








