Freaks 4U Gaming Employees Hit by Layoffs

From TwogPedia
News/Freaks 4U Gaming Employees Hit by Layoffs /
Revision as of 12:42, 28 June 2024 by Andura (talk | contribs) (Created page with "{{News |seo_title=Freaks 4U Gaming Employees Hit by Layoffs |seo_keywords=Freaks 4U Gaming |image=Freaks4ugaminglayoffs.png |tags=Freaks 4U Gaming |date=2024-06-28T11:31:28.000Z |sources={{NewsSource |source=Linkedin |url=https://www.linkedin.com/posts/michaelhaenisch_like-many-companies-in-gaming-and-esports-activity-7211273193926324226-mH8j?utm_source=share&utm_medium=member_desktop |article=News/Freaks 4U Gaming Employees Hit by Layoffs }} |author=Andura |category=Bus...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Freaks4ugaminglayoffs.png
Freaks 4U Gaming Employees Hit by Layoffs

Business

28 June 2024 11:31

Freaks 4U Gaming, a Berlin-based marketing agency founded in 2011, has recently laid off an unspecified number of employees. The announcement was made by the company's CEO, Michael Haenisch, through a LinkedIn post.

Freaks 4U Gaming offers a variety of services to gaming and esports brands globally, including strategic consultancy, event organization, and social media management. The agency has collaborated with notable entities such as VALORANT Game Changers EMEA, esports data analytics provider Shikenso Analytics, and peripheral brand HyperX.

NODWIN Gaming recently has invested €8m in Freaks 4U Gaming GmbH. The conversion of a convertible loan agreement, initiated on December 27, 2023, totaling €3.6m has resulted in NODWIN acquiring additional shares in Freaks 4U Gaming.

More:Scaffold Secures $1.5m

Michael Haenisch stated "Last year we already went through layoffs and put people on short-time work, which also has been in effect so far this year due to some expected projects not materializing. After careful consideration, we have unfortunately concluded the necessity of additional reduction in workforce to stabilize our business. This decision has not been made lightly. It is incredibly hard for me, because those affected didn’t do anything wrong, yet they are suffering from the consequences of cancelled projects and a very difficult market; it is also hard for me, having to part ways with people who share the same vision and aspirations, have worked incredibly hard and celebrated achievements alongside me, and have made invaluable contributions to building and shaping Freaks to where we are today. Our people are the essence of Freaks and what we stand for. "

Tags: Freaks 4U Gaming
Share:Twitter.pngFacebook.pngInstagram.pngLinkedin.png
Sources:
Linkedin.png
Report mistake   Report-mistake-icon.png
Submit news   Submit-news-icon.png

Related News Icon Related news

View All
News Image
NODWIN Gaming to Acquire Freaks 4U Gaming

NODWIN Gaming, through its Singapore-based subsidiary NODWIN Gaming International Pte, has announced plans to acquire a majority stake of...

Mergers and Acquisitions

Jul 01, 2024

News Image
Valnet Acquires Polygon

Polygon, one of the most prominent video game and pop culture websites of the last decade, has been acquired by...

Business

May 02, 2025

News Image
Epic Games Reveals Webshop for Devs

Just a day after its significant legal victory over Apple, Epic Games has announced a new set of features...

Business

May 02, 2025

News Image
GTA 6 Delayed Again

Rockstar Games has officially delayed the release of Grand Theft Auto VI, pushing the launch date to May 26, 2026....

Business

May 02, 2025

News Image
EA to Lay off 300-400 Employees

Electronic Arts (EA) is laying off between 300 and 400 employees in a significant restructuring effort, according to a report...

Drama

May 01, 2025


Freaks4ugaminglayoffs.png
Freaks 4U Gaming Employees Hit by Layoffs

Business

28 June 2024 11:31

Tags: Freaks 4U Gaming

Freaks 4U Gaming, a Berlin-based marketing agency founded in 2011, has recently laid off an unspecified number of employees. The announcement was made by the company's CEO, Michael Haenisch, through a LinkedIn post.

Freaks 4U Gaming offers a variety of services to gaming and esports brands globally, including strategic consultancy, event organization, and social media management. The agency has collaborated with notable entities such as VALORANT Game Changers EMEA, esports data analytics provider Shikenso Analytics, and peripheral brand HyperX.

NODWIN Gaming recently has invested €8m in Freaks 4U Gaming GmbH. The conversion of a convertible loan agreement, initiated on December 27, 2023, totaling €3.6m has resulted in NODWIN acquiring additional shares in Freaks 4U Gaming.

More:Scaffold Secures $1.5m

Michael Haenisch stated "Last year we already went through layoffs and put people on short-time work, which also has been in effect so far this year due to some expected projects not materializing. After careful consideration, we have unfortunately concluded the necessity of additional reduction in workforce to stabilize our business. This decision has not been made lightly. It is incredibly hard for me, because those affected didn’t do anything wrong, yet they are suffering from the consequences of cancelled projects and a very difficult market; it is also hard for me, having to part ways with people who share the same vision and aspirations, have worked incredibly hard and celebrated achievements alongside me, and have made invaluable contributions to building and shaping Freaks to where we are today. Our people are the essence of Freaks and what we stand for. "

Share:Twitter.pngFacebook.pngInstagram.pngLinkedin.png
Sources:
Linkedin.png
Report mistake   Report-mistake-icon.png
Submit news   Submit-news-icon.png

Related News Icon Related news

View All
News Image
NODWIN Gaming to Acquire Freaks 4U Gaming

NODWIN Gaming, through its Singapore-based subsidiary NODWIN Gaming International Pte, has announced plans to acquire a majority stake of...

Mergers and Acquisitions

Jul 01, 2024

News Image
Valnet Acquires Polygon

Polygon, one of the most prominent video game and pop culture websites of the last decade, has been acquired by...

Business

May 02, 2025

News Image
Epic Games Reveals Webshop for Devs

Just a day after its significant legal victory over Apple, Epic Games has announced a new set of features...

Business

May 02, 2025

News Image
GTA 6 Delayed Again

Rockstar Games has officially delayed the release of Grand Theft Auto VI, pushing the launch date to May 26, 2026....

Business

May 02, 2025

News Image
EA to Lay off 300-400 Employees

Electronic Arts (EA) is laying off between 300 and 400 employees in a significant restructuring effort, according to a report...

Drama

May 01, 2025

Retrieved from "https://staging.twogpedia.com/index.php?title=News/Freaks_4U_Gaming_Employees_Hit_by_Layoffs&oldid=11769"