I’ve wanted to write this for a while as the esports industry is going through some difficult times. That includes layoffs, team shuddering / being dropped, invoices not being paid and a whole laundry list of public companies nearing -90% from their all time highs. Your esports heroes from 2011 – 2015 which some might call the golden age are either retired, working somewhere or no longer in the industry. In the cover photo for this articles. That’s me and my friend Greg from back in the Dota 2 days. Yes, that’s us memeing the “how big will esports become”.
It’s been a while. In fact almost one month. It’s been a busy month on my end and I wasn’t able to write too much lately. However, I’m going to talk about some of the latest in the esports new and unfortunate layoffs / closures in the industry. Layoffs & Closures Numerous layoffs have impacted the esports industry. Canadian based waveform entertainment is rumored to have laid off nearly 50% of its stay nearly a month ago. 100 thieves + other industry titans have also been laying off staff due to macro economic uncertainty + trimming. I am sorry to
Overview Esports, in its most basic form, has been there since the 1970s and then revived itself in the 90s with Quake, but it hasn’t been until the past ten years that it has developed into a larger mainstream industry. Like most sectors, this one is currently impacted by significant global events. The return of spectators to live esports events in 2022 was one of the major esports event developments, following the measures put in place as a result of the COVID-19 epidemic. One of the largest cryptocurrency companies in the world, FTX, filed for bankruptcy last month. TSM, one