Over 200 NFL employees are being offered buyouts.

• The National Football League offered voluntary buyouts to at least 200 employees.
• The NFL aims to achieve about 1,100 buyouts. It wasn’t clear how many people the league employs.
• The playoffs for the NFL are starting this weekend, and the news about it has been announced.

At least 200 employees of the National Football League were offered voluntary buyouts as the league prepares for the start of the playoffs this weekend, according to a memo obtained by CNBC.

The NFL is always looking for ways to increase efficiency and improve results, with a staff of approximately 1,100 employees, as stated in a memo.

The memo states that every organization faces growing challenges in being agile, responsible, and strategic, including the NFL.

The NFL has shown financial strength, with revenue in 2022 reaching nearly $12 billion. Commissioner Goodell has set a goal of reaching $25 billion in annual revenue by 2027. Teams are also valued at high levels, as evidenced by the record $6 billion sale of the Washington Commanders in July.

The NFL is aiming for an undetermined number of buyouts, which will be determined based on employees' age and years of service in the league office, with a total of 70 or more qualifying.

Eligible employees will receive three weeks of salary for every year served, in addition to bonuses, as an option to take a buyout by the end of February.

The NFL's strategy moving forward involves international expansion, the expansion of flag football, and the further development of media and digital operations.

The league's strategic priorities must be reflected in its operations, capital investments, and workforce to ensure continued success, as stated in the memo.

In May, the NFL Network let go of approximately 5% of its staff.

News of the buyouts was first reported by Sports Business Journal.

The NFL's buyout formula was clarified in this updated story.