100T layoffs have hit a number of workers members at first of 2023, together with its Chief Income Officer Matty Lee. In keeping with Jacob Wolf, the layoff quantity is roughly 30 staff, starting from gross sales, advertising, content material, and human sources.
Picture Credit | 100Thieves
100T eradicated virtually a sixth of its workforce with these layoffs
Other than the chief income officer, different senior-level roles have been hit by this spherical of layoffs. Vp of account administration and built-in advertising Katy Chapel, vice chairman of IT Nichele Dudley, director of individuals Amber Fonts, director of expertise Bailey Heidhues, director of put up manufacturing Frank Door, director of manufacturing operations Alex Salamunovich, director of services Rowena Dy and head of partnerships Hillary Gilmore have been all among the many staff leaving the org.
Specifically, Lee made a post about the layoffs around 100T on Tuesday morning on his LinkedIn web page.“After almost 4.5 completely unbelievable, difficult, and rewarding years, my time at 100 Thieves involves an finish at present,” Lee wrote. “I’m grateful to have been a small a part of serving to nurture and develop a model that has an actual alternative for generational endurance. That’s a once-in-a-lifetime alternative that most individuals by no means get.” Lee was one of many first to affix the org again in 2018.
“This caps off essentially the most concentrated interval of non-public {and professional} development of my whole life,” Lee continued. Within the put up, he expressed his honest gratitude and wished to those that will proceed constructing the 100 Thieves model sooner or later.
100T COO responded in a Reddit put up
100T President and COO John Robinson wrote a remark in a Reddit post on Tuesday, mentioning that they “wanted to draw back the group a bit of bit.” He additionally added that they’re “in a difficult financial local weather and like all sports activities (and esports) organizations, sponsorships are a serious a part of our enterprise.”
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“Juvee and Higround are wholesome and rising however partnerships remains to be our greatest income – the assist of our sponsors pays for all our esports and content material and plenty of the enjoyable stuff we get to do. We have now a brand new CRO becoming a member of tomorrow and have plenty of robust new companions in our pipeline. Greater than ever, we recognize all of the assist for the org, our workers, and our sponsors.”
The headcount for 100T just isn’t disclosed however LinkedIn estimates round 200 staff on the firm. That stated, a few of them are contracts and traders, decreasing the estimated quantity. With this spherical of layoffs and dropping round 30 individuals, the corporate’s workforce will drop by a substantial quantity, from 14% to 17%.
