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 in an effort to reduce organizational complexity. This translates to the esports behemoth cutting hundreds of positions around the world, with some estimates as high as 250-300 roles.

In January 2022, EFG became the largest independent esports company in the world. Savvy Games Group acquired both ESL and Faceit for a combined $1.5 billion. Since then, EFG has also added Vindex and its subsidiary Esports Engine to the org chart.