FaZe Clan is synonymous with esports. The gaming organization is one of the earliest supporters of the competitive gaming industry and has since built a loyal fanbase of fans from all over the world. But, in recent years, FaZe Clan hasn't enjoyed the best of luck, at least financially. Most recently, FaZE Clan had to let go of its workers. Now, they're gutting almost half of their employees due to financial concerns.
broke the news on social media before FaZe Clan itself
, citing the move as part of its efforts to "align our cost structure with our focused near-term priorities around brand sponsorship and esports growth."
This revelation is making fans worry about the future of the esports organization. It's particularly concerning as FaZe Clan a team known for its performance in online games. It currently fields one of the best CS:GO lineups that pulled in the $1.2 million prize purse for winning the ESL Pro League Season 17 and the Intel Grand Slam Season 4 in March. If the company is firing employees amidst a successful run for one of their teams, some are concerned that the days of the organization's star-studded lineups are numbered.