Singapore-based MMA promoter ONE Championship lays off ‘a few dozens’ employees in bid to bring company back in black

  • 📰 malaymail
  • ⏱ Reading Time:
  • 29 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 86%

ONE Championship News

Mixed Martial Arts MMA

SINGAPORE, Oct 17 — Singapore-based mixed martial arts promotion ONE Championship said Thursday it has laid off “a few dozen employees” as part of plans to make the company...

In 1MDB’s RM1b civil suit against Riza Aziz, court told funds siphoned out were used for gambling and producing moviesSingapore

ONE, which has offices in several Asian cities plus Los Angeles, New York, London and Milan, has 201 to 500 employees, according to its LinkedIn profile. “This decision was not made lightly and reflects our ongoing commitment to streamlining operations and focusing on long-term sustainability and growth.”ONE chief executive Chatri Sityodtong said in an email to staff that the job cuts were made despite the company being “on the verge of profitability through a combination of record revenues and cost efficiencies”, the Straits Times newspaper reported.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines