London Daily

Focus on the big picture.
Thursday, Jul 31, 2025

Economic Challenges for Prince Harry and Meghan Markle: Staff Layoffs Amid Financial Pressures

Economic Challenges for Prince Harry and Meghan Markle: Staff Layoffs Amid Financial Pressures

The Duke and Duchess of Sussex face ongoing financial difficulties, leading to staff reductions and uncertainties with Netflix contracts.
Prince Harry and Meghan Markle are reportedly experiencing significant economic challenges that have compelled them to reduce their workforce further.

Recent reports indicate that the couple has dismissed their communications team, which included the head of European media, the director of their charitable organization Archewell, and Markle's personal assistant.

This follows the layoff of six employees, including two public relations staff, just a month prior.

Since their departure from royal duties in 2020, the couple has reportedly let go of 25 employees and may continue to implement further layoffs.

Despite these financial constraints, they remain hopeful for substantial income from their partnership with Netflix, which is set to decide soon whether to renew their contract potentially worth $100 million.

The content previously provided to Netflix has met with varied success, with the documentary series 'Harry & Meghan' and Markle's lifestyle program 'Archetypes' performing well, while other projects such as 'Heart of Invictus' and 'Bad Manners' have not garnered significant viewer interest.

There is speculation that Netflix may be interested in renewing the contract but at a considerably reduced rate.

Meanwhile, the Duke and Duchess appear to be consuming their resources rapidly.

They purchased their home in Los Angeles for $14.65 million, incurring a mortgage of $9.5 million, which they will need to repay with interest until 2050, along with a $5 million down payment.

Their recent travels to Nigeria and Colombia have added to their expenses, with approximately $2 million per year allocated to travel and security, and an additional $288,000 for tax payments.

They also have ongoing financial obligations to their staff, which includes employees in their home, personal offices, charitable organizations, and production company.

Despite the financial strain, rumors suggest that the work environment has been challenging for staff, raising questions about their morale and the impact of layoffs for those recently dismissed.
Newsletter

Related Articles

0:00
0:00
Close
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Jeff Bezos hasn’t paid a dollar in taxes for decades. He makes billions and pays $0 in taxes, LEGALLY
China Increases Use of Exit Bans Amid Rising U.S. Tensions
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Procter & Gamble to Raise U.S. Prices to Offset One‑Billion‑Dollar Tariff Cost
House Republicans Move to Defund OECD Over Global Tax Dispute
Botswana Seeks Controlling Stake in De Beers as Anglo American Prepares Exit
Trump Administration Proposes Repeal of Obama‑Era Endangerment Finding, Dismantling Regulatory Basis for CO₂ Emissions Limits
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
A family has been arrested in the UK for displaying the British flag
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
The British propaganda channel BBC News lies again.
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
Thai Civilian Death Toll Rises to 12 in Cambodian Cross-Border Attacks
TSUNAMI: Trump Just Crossed the Rubicon—And There’s No Turning Back
Over 120 Criminal Cases Dismissed in Boston Amid Public Defender Shortage
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
×