The Portland Trail Blazers have laid off over 70 employees as part of a reorganization under new owner Tom Dundon. President Dewayne Hankins expressed gratitude for the contributions of those affected and emphasized the focus on transitioning and long-term success. Dundon has faced criticism for cost-cutting measures, including limiting expenses for a new head coach to $1.5 million, while the team interviews candidates like Ben Sullivan and Jared Dudley.
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