1UPdate: The esports bubble is starting to burst
Several major esports organizations have laid off significant portions of their staff in the last two months, despite previous signs of growth.
While the industry seemed to be on the rise over the past few years, esports organizations are now laying people off in swaths. Between August and December 2022, eUnited laid off staff and released players from all of their esports teams, leaving only the CEO, Adam Stein. Since then, at least eight other major esports organizations have laid off significant portions of their staff, sometimes with little warning.
In this 1UPdate, we discuss how these layoffs are impacting the gaming industry, why they’re happening and what went wrong.
Whelp, today was my last day at Immortals.
I worked with some amazing folks in trying to bring the Great Lakes vision to fruition.
I’m very proud of the work we did and the connections I’ve made.
We go again.
My DMs are open! Looking for opportunities.
— Ichiban Taichou Nori (@greatlakernori) February 15, 2023
Also on this segment:
- FromSoftware teased an Elden Ring expansion at 3 a.m. on Tuesday, Feb. 28.
- Recapping this year’s Pokémon Presents announcements, from Pokémon Concierge on Netflix to Pokémon Go Plus Plus.
- Massachusetts Police discovered a secret crypto-mining operation under a public school.
- Ukraine Government calls to take Atomic Hearts off of Ukrainian digital storefronts after ties to Russian institutions are revealed.
This segment originally aired on March 2, 2023.
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