Esports conglomerate ESL FaceIt Group (EFG) is laying off 15% of its workforce “to ensure ESL FaceIt Group continues to evolve in a fast-paced market,” according to a memo sent to employees today. The memo, from EFG co-CEOs Craig Levine and Niccolo Maisto, goes on to state that the move is designed to support the company’s growth ambitions and profitability.
Some of those affected, including Production Manager Daniel Kauppinen and Creator Partnerships Manager James Deasey took to X to comment. "I'm part of the 15% that got laid off from [EFG]," Kauppinen posted. "I'll always treasure what we did for the Rocket League community in Düsseldorf. That was something special."
This reduction-in-force, which will affect employees world-wide, comes just two years after Saudi owned PIF company, Savvy Games Group, bought two of the biggest names in esports entertainment (ESL and FaceIt) and merged them in a deal valued at $1.5B.
