Faceit Group Announces 15% Workforce Reduction Amid Industry Layoffs

The world's largest esports company, ESL Faceit Group, is laying off 15% of its global workforce to support sustainable growth and profitability.

ESL Faceit Group, formed by merging ESL, Faceit, and Vindex/Esports Engine, is cutting its workforce by 15% to streamline operations and support profitability.
The layoffs are part of a broader trend in the gaming industry, which has seen significant job losses in recent years.
The decision to reduce the workforce comes as ESL Faceit Group aims to adapt to the fast-paced market and ensure efficiency across its global operations.
Affected employees will receive financial support, with the company making efforts to notify staff across various time zones quickly.
This is the second round of layoffs for ESL Faceit Group in the past year, following cuts at Esports Engine in July 2023.