Today we are sharing a difficult decision.
To ensure ESL FACEIT Group continues to evolve in a fast-paced market, we are planning to reduce the size of our team by roughly fifteen-percent. This change is designed to support EFG’s sustainable growth ambitions and profitability.
We understand how hard this is, especially for those who will no longer be a part of EFG. As co-CEOs, we did not make this decision lightly. We feel it’s important to take accountability for it, and provide clarity and transparency from the outset of the changes ahead.
Due to the global nature of our workforce, there’s no great way to notify affected employees. We are committed to ensuring everyone is treated fairly and with the utmost respect. Subject to local time zones and country considerations, all employees will receive confirmation of their current status and next steps as soon as possible.
As employment laws differ from country to country, the way workforce reductions are handled will vary. In some countries, the exact measures are subject to consultation processes and have not yet been determined.
We will offer financial support on a global scale, in addition to local considerations. We are mindful of the fact that having access to a personal computer is essential to our daily lives and for this reason every impacted employee will have the opportunity to keep both their laptop and mobile phone.
To enable us all to say goodbye and to help our people to unwind their personal accounts that might be tied to their work email address, their communication access to email will remain active until Wednesday, February 28 at 6pm GMT. The individual next steps will be communicated separately with impacted employees and those whose positions are currently under consideration.
Since 2021, we have merged ESL, FACEIT and Vindex/EE into becoming the largest esports company in the world. With this we will continue to integrate the business and gain efficiencies in our global workforce. With the industry in constant change, we must adapt, become more efficient, and be more flexible as a team.
These moves, along with efforts to reorient the team on EFG’s core mission and vision, will sharpen our focus and better equip us to navigate the dynamic esports and gaming landscape by removing complexity and better integration across all teams.
As we embark on the next phase of our company, this new organizational structure will enhance our ability to better serve and bring value to our fans, community, and partners. We are confident in our people to advance our strategic priorities in the midst of this transition period.
Best,
Craig & Nic
