The Portland Trail Blazers reportedly laid off more than 70 employees as the team undergoes a reorganization under new owner Tom Dundon.

"As part of our plans to position the organization for the future, we made the difficult decision to restructure several areas of the business," Blazers president Dewayne Hankins told The Oregonian in a statement. "These changes impacted talented people who have helped shape the Trail Blazers over many years. We are deeply grateful for their contributions, their leadership and the care they showed every day for our team, our fans and the Portland community. Our focus now is supporting those affected through the transition and positioning the organization for long-term success."

Dundon has been criticized for cutting costs after purchasing the team, including not bringing two-way players on playoff road trips.

It was also reported in April that Dundon is not looking to spend more than $1.5 million on a new head coach.

With Tiago Splitter unlikely to receive the full-time head coach position, the Blazers have interviewed Rockets' assistant Ben Sullivan and Nuggets' assistant Jared Dudley.