100T hit with another of round layoffs including key staff members
100T layoffs have hit multiple staff members at the start of 2023, including its Chief Revenue Officer Matty Lee. According to Jacob Wolf, the layoff number is approximately 30 employees, ranging from sales, marketing, content, and human resources.
100T eliminated almost a sixth of its workforce with these layoffs
Aside from the chief revenue officer, other senior-level roles were hit by this round of layoffs. Vice president of account management and integrated marketing Katy Chapel, vice president of IT Nichele Dudley, director of people Amber Fonts, director of talent Bailey Heidhues, director of post production Frank Door, director of production operations Alex Salamunovich, director of facilities Rowena Dy and head of partnerships Hillary Gilmore were all among the employees leaving the org.
In particular, Lee made a post about the layoffs around 100T on Tuesday morning on his LinkedIn page.“After nearly 4.5 absolutely incredible, challenging, and rewarding years, my time at 100 Thieves comes to an end today,” Lee wrote. “I’m grateful to have been a small part of helping nurture and grow a brand that has a real opportunity for generational staying power. That’s a once-in-a-lifetime opportunity that most people never get.” Lee was one of the first to join the org back in 2018.
“This caps off the most concentrated period of personal and professional growth of my entire life,” Lee continued. In the post, he expressed his sincere gratitude and wished to those who will continue building the 100 Thieves brand in the future.
100T COO responded in a Reddit post
100T President and COO John Robinson wrote a comment in a Reddit post on Tuesday, mentioning that they “needed to downside the organization a little bit.” He also added that they are “in a challenging economic climate and like all sports (and esports) organizations, sponsorships are a major part of our business.”
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“Juvee and Higround are healthy and growing but partnerships is still our biggest source of revenue – the support of our sponsors pays for all our esports and content and a lot of the fun stuff we get to do. We have a new CRO joining tomorrow and have a lot of strong new partners in our pipeline. More than ever, we appreciate all the support for the org, our staff, and our sponsors.”
The headcount for 100T is not disclosed but LinkedIn estimates around 200 employees at the company. That said, some of them are contracts and investors, lowering the estimated number. With this round of layoffs and losing around 30 people, the company’s workforce will drop by a considerable amount, from 14% to 17%.