CLG hit by layoffs – rumors about being sold or shutdown

Los Angeles-based esports group CLG goes to be hit with a big wave of layoffs, apart from its League of Legends Championship (LCS) workforce. The layoffs have been first confirmed by LoL content material creator and impartial interviewer Travis Gafford.

Layoffs have additionally hit CLG – LoL workforce would be the solely operational workforce left

In a video released on Monday evening, Gafford claims that CLG workers have been knowledgeable on Monday that they are going to be laid off and that LoL workforce, which is at the moment competing within the LCS, would be the solely operational factor ranging from subsequent week.

The content material creator additionally claimed that LA-based esports group NRG Esports is both excited about buying the franchise slot or will work with the workforce. Owned by Madison Sq. Backyard Leisure, CLG will both be offered or shut down at a date to be decided, in keeping with Travis Gafford. That stated, he can’t verify what’s going to occur to the CLG model.

“It’s unclear if MSG (Madison Sq. Backyard) nonetheless owns the IP of CLG or if NRG, seemingly, will,” he stated. “These particulars are nonetheless creating. I’ll say that the NRG stuff actually surprises me as a result of I’ve heard from a few folks that they have been in an “fascinating” monetary state not too way back so I don’t know if which means there’s one other purchaser that got here in NRG or no matter, however I do assume that they story may be a little bit greater than simply NRG buying the league spot.” he continued.

CLG at the moment has working groups throughout numerous esports titles, inclduing Counter-Strike: International Offensive (which will probably be changed by Counter-Strike 2 subsequent yr), Fortnite, Valorant, Apex Legends, Tremendous Smash Bros, in addition to a number of content material creators.

The story is creating and we will probably be updating it as quickly as extra data is on the market.

Learn additionally: TSM planning on pausing esports efforts in several titles