Field Yates explains that the future of the XFL is up in the air after the league suspended operations and laid off nearly all of its staff. (0:37)

Where does the XFL go from here? (0:37)

The XFL suspended operations Friday morning, and multiple sources told ESPN that the league has laid off nearly all of its staff -- a handful of executives remain employed -- and currently has no plans to return in 2021.

The XFL is owned by WWE CEO/president Vince McMahon and Alpha Entertainment. In a statement, the WWE said: "Given the uncertainty of the current environment, the XFL has suspended operations and is evaluating next steps."

The XFL canceled its season last month after five games as part of a nationwide shutdown due to the coronavirus pandemic, pledging to return next year.

But XFL COO Jeffrey Pollack changed course Friday, conducting a 10-minute conference call to inform employees of the news.

Commissioner Oliver Luck, hired in 2018 to guide the most ambitious spring football league in decades, did not speak on the call. It was not immediately clear if he is still with the league.

The XFL has suspended operations and laid off employees, multiple sources told ESPN. Alika Jenner/Getty Images

According to a prominent former XFL staffer who was on the call, Pollack stopped short of saying the league was going out of business. But the strong implication was clear. "It's done," the staffer said. "It's not coming back."

There was no immediate comment from the league.

St. Louis Battlehawks receiver L'Damian Washington was among those reacting to the league's decision on social media.

RIP @xfl2020‼️ Gone but never forgotten! 🙏🏾🤦🏾‍♂️ — L'Damian Washington (@MizzouMonstar2) April 10, 2020

Before you get one win, you gotta take a thousand losses ! — PJ Walker (@pjwalker_5) April 10, 2020

McMahon was making his second foray into professional football. His rowdy 2001 version of the XFL also folded after one year.

McMahon pivoted 180 degrees for XFL 2.0, asking Luck to create a serious football league that would market a new version of the game while avoiding direct competition with the NFL. Luck led a group of staffers through two years of product development, establishing a series of innovations -- from its new kickoff alignment to its three-tiered extra point structure -- that caught the eye of multiple members of the NFL competition committee.

XFL staffers believed that the league would resume play in 2021. Players had previously been told they would be paid through the end of the regular season, which was scheduled to end this weekend.

The XFL is the second spring football league in as many years to suspend operations before completing its first and final season, albeit for much different reasons. The Alliance of American Football (AAF) ran out of money in 2019 and closed after eight weeks of play. The XFL might be the first pro sports league to fall victim to the economic crisis caused by the global pandemic.