Sports Illustrated is in turmoil with widespread layoffs, leaving its future uncertain. The magazine's publisher, the Arena Group, had its license revoked, sparking questions about the publication's continuity. The parent company, Authentic Brands Group, might seek a new operator. Despite being a once-iconic sports publication, Sports Illustrated has struggled to adapt to the digital era. Recent controversies and financial troubles have added to the chaos, culminating in a tumultuous period for the magazine's staff and leadership.