Esportsinsider: StreamElements restructures 20% of employees. Some of them will be fired

author_avatar
BLIX.GG
category_image Industry
Published 
Reading time  ~2  mins
Image

Streaming production and monetisation platform StreamElements is restructuring its workforce, with 20% of its staff reportedly impacted, sources have informed Esports Insider.


The exact number of laid off staff could not be confirmed. StreamElements currently has 279 employees according to the company’s LinkedIn profile.

A StreamElements spokesperson told Esports Insider: “In light of the current market conditions, we’ve adjusted our plans to drive creator growth while building a path to profitability.”

With over 1.6m creators — including esports organisations and professional players — using the platform, StreamElements has massive reach across Twitch, YouTube, Facebook Gaming and Trovo. The company claims that over 60% of top content creators use its tools.

It uses that reach to connect major brands including Epic Games, the NBA, HBO, and Spotify to creators to build out advertising campaigns.

Despite the lay-offs and personnel changes, StreamElements claimed the move would improve its ability to offer sponsorship opportunities. “As a creator-first company, the impact [of this move] is that we will be able to offer more sponsorship opportunities to our community since that is the thriving part of our business we are doubling down on,” the spokesperson said.


STAY TUNED

Get the hottest interviews, features and takes via our newsletters. Top notch content only – you don't dare to miss it. GL & HF!

Last news

article_cover
category_image Industry
PapaSmithy, FlyQuest President: “It's such a unique opportunity to bring on the Red program in both Valorant and CS:GO. They're the forerunners”
author_avatar
Pedro Romero
7 Jun, 20:21
article_cover
category_image Industry
LDLC to cease all esports activities
article_cover
category_image Industry
Krow Bidco to acquire Heroic
article_cover
category_image Industry
"Esports is on the back burner": How WePlay has survived the war in Ukraine
Discussions

CS Virtual Trade Ltd, reg. no. HE 389299 Registered address and the principal place of business: 705, Spyrou Araouzou & Koumantarias, Fayza House, 3036, Limassol, Cyprus
Copyright © 2023 BLIX.GG. All rights reserved.
CS Virtual Trade Ltd, reg. no. HE 389299 Registered address and the principal place of business: 705, Spyrou Araouzou & Koumantarias, Fayza House, 3036, Limassol, Cyprus
Copyright © 2023 BLIX.GG. All rights reserved.
18+