FaZe Clan reportedly lays off 40% of staff amid financial woes

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FaZe Clan has reportedly laid off 40% of its staff as the public company continues its financial spiral in the North American stock market.

Over the course of 2022, FaZe reported $53 million in losses despite some increases in revenue.

The famous rapper and entrepreneur left the company “effective immediately” on March 29, as was revealed in FaZe’s 2022 fourth-quarter fillings.

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News Information

Written By: Declan Mclaughlin

Category: Esports

Tags: Business Esports

Date Published: 19 May, 2023 (11 months ago)

Publish Time: 7:44 PM (GMT +8:00)

Language: English

Story Length: 434 words

Reading Time: 3 minutes read

Attachments: 1 Pictures

Story Rating: Rated #130 (out of 145 stories this day)

Estimated Value: $0.00

News Source URL: dexerto.com

Copyright: © Dexerto

Story ID: #823905

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