ESPN President John Skipper announced today via a a company memo that the network plans to lay off approximately 150 jobs.

According to Richard Deitsch of Sports Illustrated, ESPN began the process this morning by cutting over 100 staffers.

"The majority of the jobs eliminated are in studio production, digital content, and technology," Skipper's memo states.

Today's announcement reflects a concerted effort by ESPN to trim down in all areas as nationwide ratings fall. In Oct. 2015 and last April, it made the move to cut hundreds of staffers and on-air talent.

On the ratings side, the network's performance has dropped by close to 15 millions viewers since 2011.

Deitsch's sources suggest ESPN is far from done. Anchors with contracts set to expire within the next year are in danger of parting ways as well.