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Sky are set to axe between 20 and 25 jobs on Sky Sports and Sky Sports News, with well-known names at risk.
The changes are likely to affect popular presenters on Sky Sports News, but could also involve cuts to live football coverage.
It's believed the reason for this relates to the financial damage caused by the coronavirus pandemic, which many companies are still recovering from at a slow rate.
One source referred to the redundancy programme as being “the night of the long knives", the Mirror have reported.
Explaining what it is likely to take place, a Sky spokesperson said: "We are proposing to reshape Sky Sports and Sky Sports News for the future.
“This may result in some roles being made redundant, and the creation of some new roles. We are now entering a period of consultation, and will be discussing our proposed changes with our people.”
Sky have lost a number of high-profile names in recent years, with the likes of Natalie Sawyer and Jim White switching over to talkSPORT.
Sawyer left the company in 2018, meanwhile Whites' exit was only recently confirmed after 23 years spent at the broadcasting company.
What do you think about Sky's planned changes? Comment below.
It's not the first time that Sky have looked to switch things up, having made a controversial decision to offload some one of its most-liked presenters on Sky Sports News.
Ahead of the 2020/21 season, Matt Le Tissier, Charlie Nicholas and Phil Thompson were all removed from Sky's Soccer Saturday programme having each spent a number of years on the show.
After their departures were confirmed, a Sky statement read: “We are changing some parts of our football coverage – Matt, Charlie and Phil have done a great job for us over the years, and they will leave us with our sincere thanks and very best wishes.”
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