ESL FACEIT Group to Lay off 15% of Employees

ESL FACEIT Group to Lay off 15% of Employees

Business

28 February 2024 13:24

ESL FACEIT Group announced its decision to lay off 15% of its workforce. According to reports roughly 300 employees will be affected by the changes. The company stated that they "will offer financial support on a global scale" for the affected workers. The letter states that the laid off workers will lose access to company emails after February 28th.

CEOs Craig Levine and Niccolo Maisto stated, To ensure ESL FACEIT Group continues to evolve in a fast-paced market, we are planning to reduce the size of our team by roughly fifteen-percent. This change is designed to support EFG’s sustainable growth ambitions and profitability. We understand how hard this is, especially for those who will no longer be a part of EFG. As co-CEOs, we did not make this decision lightly. We feel it’s important to take accountability for it, and provide clarity and transparency from the outset of the changes ahead.

Tags: ESL FACEIT Group

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ESL FACEIT Group to Lay off 15% of Employees

Business

28 February 2024 13:24

Tags: ESL FACEIT Group

ESL FACEIT Group announced its decision to lay off 15% of its workforce. According to reports roughly 300 employees will be affected by the changes. The company stated that they "will offer financial support on a global scale" for the affected workers. The letter states that the laid off workers will lose access to company emails after February 28th.

CEOs Craig Levine and Niccolo Maisto stated, To ensure ESL FACEIT Group continues to evolve in a fast-paced market, we are planning to reduce the size of our team by roughly fifteen-percent. This change is designed to support EFG’s sustainable growth ambitions and profitability. We understand how hard this is, especially for those who will no longer be a part of EFG. As co-CEOs, we did not make this decision lightly. We feel it’s important to take accountability for it, and provide clarity and transparency from the outset of the changes ahead.

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

ESL FACEIT Group Layyoffs

Esports Engine, a subsidiary of ESL FACEIT Group, has reportedly laid off several employees, including those from ESL...

Business

Feb 20, 2025

IEM Dallas Announced

ESL FACEIT Group has announced that its DreamHack Dallas and IEM Dallas events will return to the city...

More

Dec 04, 2024

ESL FACEIT Group Partners with ANTHROS

ESL FACEIT Group and Anthros have announced a partnership from 2025 to 2027, making Anthros the Official Chair...

Business

Nov 21, 2024

ESIC Partners with ESL FACEIT Group

The Esports Integrity Commission (ESIC) has named ESL FACEIT Group (EFG) as the presenting partner for the 2024...

Business

Sep 25, 2024

ESL FACEIT Group X DHL Partnership Extended

DHL Group and ESL FACEIT Group (EFG) have announced a multi-year extension of their partnership. This extension continues...

Business

Aug 19, 2024