Faze Clan fires CEO as esports industry struggles

Italia Notizia Notizia

Faze Clan fires CEO as esports industry struggles
Italia Ultime Notizie,Italia Notizie

CFO Christoph Pachler will take over on an interim basis.

But Faze Clan has faced large losses under Trink’s leadership, including a reported $48.7 million from operations last year, per. Shares have plummeted to 18 cents from over $20. By the end of 2021 , Faze Clan had more than $70 million in debt. Most of its teams have been reported to be unprofitable, and in 2023 alone, it has announced two rounds of layoffs.

Faze Clan’s employees have also been embroiled in a number of other controversies in recent years. Most notably, the company drew criticism over its contract work with English YouTuber Sam Pepper, who has faced multiple accusations of sexual harassment.

 

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

BP CEO Resigns Following Company Review Into His ConductBP CEO Resigns Following Company Review Into His ConductCFO Murray Auchincloss will take over as CEO on an interim basis.
Leggi di più »



Render Time: 2025-01-10 15:22:14