‘Chiu on This’ is a short and regular opinion blast’
We received a a statement from ESL about their layoffs. It was way too big, so I’m going to translate it. Here is the original:
“ESL is realigning resources and expanding its organization to drive innovation in the esports market, including creating opportunities in original programming, strengthening in-game capabilities, and expanding our brand globally. As part of that process, 5 percent of the global workforce, largely from our event operations and executive TV production, will be leaving the company. At the same time, the same number of positions will be created in these areas of expansion. This reflects an adjustment of our internal organization and is a step towards preparing ESL for additional growth opportunities.”
Translation: ESL is putting money in other things to become bigger. To do that 5 percent of the workforce, (mostly from event operations and executive TV production) have been fired. They had to go so we could pay for our new other thing, which, even though you don’t know exactly what it is, will be awesome.