ESL FACEIT Group (EFG) has reportedly carried out another round of layoffs as part of its ongoing efforts to streamline operations and ensure long-term profitability. Around 80 to 90 employees are understood to have been let go.
An internal email sent to employees, and obtained by Esports Insider, outlined the company’s reasoning behind the decision.
Image Credit: ESL FACEIT Group
The memo described the layoffs as part of a “strategic realignment” following a year-long review aimed at simplifying operations and focusing on areas with the “biggest growth potential.”
It said:
“Since the creation of EFG, our business has nearly tripled allowing us to create experiences that we could never have imagined. This rapid growth requires continuous investment, but also introduces complexity and inefficiency over time. To ensure we can grow sustainably and keep investing in our vision for the long term, we must consolidate our options.
“Over the past year, we conducted a comprehensive review to make the business fit for purpose. This was not solely about cost-cutting, but a strategic realignment to reduce complexity, streamline operations, and focus resources on areas with the biggest growth potential. These steps are necessary to help us achieve long-term sustainability.
“Unfortunately, this involved incredibly tough choices, and we will be saying goodbye to some valued colleagues. Those impacted have received separate communications. Please be supportive, gracious, and understanding as these changes take effect.