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ESL Faceit Group lays off 15% of staff 2 years after $1.5B merger
ESL Faceit Group (EFG) is laying off 15% of its global workforce reduce organizational complexity after merging 2 years ago.
This change is designed to support EFG’s sustainable growth ambitions and profitability,” said the company’s co-CEOs Craig Levine and Niccolo Maisto in a memo shared with GamesBeat. We’re thrilled to open our call for speakers to our flagship event, GamesBeat Summit 2024 hosted in Los Angeles, where we will explore the theme of “Resilience and Adaption”. We are bullish on the business and feel confident in our ability to grow and advance our strategic priorities, and if we make these changes now we’ll be set up for future success,” said an EFG spokesperson.
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