100 Thieves Layoff: Reputed esports organization, 100 Thieves, recently left the esports community puzzled when it let go of several of its content staff. This includes many editors, digital creators, and other behind the scenes employees. The news left fans speculating the reason behind the same, and they believe the looming recession is to blame. For more updates about esports and entertainment, keep following InsideSport.IN.
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The termination seems to be limited to content staff as of now, although 100 Thieves has not made any official statement so far.
Former 100 Thieves employees open up about their termination
100 Thieves recently let go of several employees from the content department. Jake Lucky was one of the first people to report this, and stated that this could be a trend that fans can expect from esports organizations in the coming days.
100 Thieves have let go several members of their content staff as of today. A restructuring that wouldn’t be surprising to see of other Orgs in the future. More to come.
— Jake Lucky (@JakeSucky) July 13, 2022
Although this layoff has not affected creators so far, many individuals from the editorial and content teams have been terminated from their role.
These are behind the scenes employees, not creators as of now. Saw similar things weeks back with TSM on their crypto side, and we continue to see it with esports media sites. https://t.co/d8qonrLLN2
— Jake Lucky (@JakeSucky) July 13, 2022
100 Thieves has not released an official statement yet, and fans speculate that the organization will most likely not release any announcement about the termination of behind the scenes employees. However, parallels have been drawn between this mysterious termination and that of TSM employees that were seen a few weeks ago.
The termination has allegedly taken place across various levels, ranging from executive producers to recent hires. Many former employees took to Twitter to post about the incident.
Today was my last day with @100Thieves.
This experience was absolutely insane. Grateful to so many people for teaching me and leading me in the right direction.
I grew and learned so much and I am just grateful to have had the opportunity in the first place.
GG’s go next.
— Billy (@BillyRayfe) July 13, 2022
Former Executive Producer Mike Aransky also took to Twitter to share his thoughts. He shared a thread of his cherishable memories with the organization as well.
I do not know how to start this hmmmm.
So today, after almost 4 years of @100Thieves I say good-bye.
What a journey it has been as 100Ts EP and I thank you for being on that adventure with me. So this thread will be my live journal as I reminisce and look back. Buckle up! pic.twitter.com/JEM82HsgLJ
— Mike Aransky (@MikeAransky) July 13, 2022
So far, all the Twitter posts from former employees have shown gratitude towards the organization and no malice anywhere. Therefore, it cannot be said that they were terminated on ill terms. However, the reason behind this termination is still unclear.
After just over 3 years, today was my last day at 100 Thieves.
Cannot possibly put into words the love and gratitude I have for the incredible group of people I’ve gotten to work with in my time at the company. You will continue to soar ❤️
Not sure what’s next, DM’s are open.
— Blackbeard for hire (@Blackbeard) July 13, 2022
The recent 100 Thieves layoff left fans extremely puzzled
Fans speculate that the looming recession might be one of the factors that pushed the organization to take such a step. Contrarily, like TSM, failed crypto investments could also be a reason behind this. However, it is all speculation at this point, so fans should wait for an official confirmation before arriving at any conclusions.
most likely the economic climate becoming unstable. Inflation’s getting too high and companies probably pulling out of investment/sponsorships to retain assets. Recession is coming, take care
— Token (@TokenTTV) July 13, 2022
Seems like a lot of orgs are dealing with financing issues that are leading to layoffs that start on the content side.
Not casting 100T in a bad light – this is an unfortunate cadence that happens in our industry. Sometimes you can afford more staff, sometimes you can’t.
— GUARD Hunter (@HUN2R) July 13, 2022
For more updates about esports and entertainment, keep following InsideSport.IN.
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