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Esports and way of life model 100 Thieves is shedding employees

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100 Thieves, a well-liked gaming, esports, and way of life model, laid off about 30 staff on Tuesday, in keeping with esports journalist Jacob Wolf. The cuts hit roles in gross sales, advertising, content material and human sources in addition to senior positions together with chief income officer, director of individuals, director of expertise, and head of partnerships, Wolf reviews.

Forbes ranked 100 Thieves because the second-most precious esports group in an article revealed in May. However given Tuesday’s layoffs, it seems that 100 Thieves isn’t resistant to the financial challenges which have affected many different corporations as of late; even giants like Meta and Amazon have introduced sweeping layoffs.

100 Thieves didn’t instantly reply to a request for remark. Tuesday’s layoff follows one other from July 2022 that affected greater than a dozen staff on the corporate’s social media and content material groups.

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