faze clan

faze clan

Photo: FaZe Clan

FaZe Clan signed its first all-female esports team last week, and the five-woman team will begin competing this year in a spinoff of Riot Games’ “Valorant” pro league.

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Courtesy of the FaZe Clan

According to a report last week in Forbes, FaZe Clan, an esports team owner and content powerhouse could soon be bankrupt. The company is failing to generate enough revenue, and what’s more, once a “lock-up” agreement on the stock is lifted following FaZe’s public merger in January, all FaZe employees will be able to sell shares if they wish.

The news comes as the talented gamers, streamers and influencers that make up FaZe’s roster are seeing their follower counts grow by the day.

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Photo by James Opas | Modified by Joshua Letona

“Moves,” our roundup of job changes in L.A. tech, is presented by Interchange.LA, dot.LA's recruiting and career platform connecting Southern California's most exciting companies with top tech talent. Create a free Interchange.LA profile here—and if you're looking for ways to supercharge your recruiting efforts, find out more about Interchange.LA's white-glove recruiting service by emailing Sharmineh O’Farrill Lewis (sharmineh@dot.la). Please send job changes and personnel moves to moves@dot.la.

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