One other main esports model is making main adjustments. 100 Thieves, which already introduced layoffs in January, is shedding extra workers and spinning off its in-house recreation improvement studio and power drink Juvee, mentioned 100 Thieves President and COO John Robinson . in a Thursday thread on X (previously Twitter). The job cuts have an effect on about 20% of the corporate’s workers and primarily have an effect on Juvee and the sport improvement studio, Robinson mentioned. The sting. (Robinson didn’t affirm the precise variety of workers affected.)
“In the course of the esports franchise period, we’ve got seen large progress in our esports enterprise and model and have been lucky to have the ability to make investments past that core,” Robinson wrote about. “Because the financial panorama has modified over the previous two years, the expansion of our enterprise has not saved tempo with the expansion of our group. We will not afford a company as massive as earlier than and that duty falls on me and Matt.
Shifting ahead, 100 Thieves will concentrate on its esports groups, attire and on-line content material, Robinson mentioned in one other publish. Juvee can be break up up over the following three months, whereas the sport improvement studio can be break up up instantly, Robinson mentioned. The sting. (Account X for Venture now not exists on the platform; 100 Thieves introduced the sport in June 2022.) On X, Robinson promised that “We’ll share extra updates on these corporations within the coming months.”