The Los Angeles Lakers have announced layoffs affecting at least 15 employees as part of a broader restructuring initiative under new ownership. This decision comes after Mark Walter acquired the team for a record-setting $10 billion in October 2023. The layoffs will impact various departments, including communications, marketing, and sales. The Lakers are also making significant changes to their management structure, having recently hired Rohan Ramadas as assistant general manager from the New Orleans Pelicans to focus on strategy and data systems. The front office, led by Rob Pelinka, is set to bring in another assistant general manager dedicated to scouting and player development. Historically, the Lakers operated as a family business for over 45 years under the late Jerry Buss and his heirs. The ownership transition has led to swift operational changes, with Lon Rosen, a former executive with the Dodgers, now serving as the president of business operations. He has established new roles aimed at boosting revenue and overseeing the team's business strategy, including hiring a chief strategy and growth officer and a vice president of global partnerships.