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Sad news from the manufacturer of Red vs Blue.
A wave of layoffs at Rooster Teeth affected 13% of the company's employees, or about 50 people, reports Variety today. This action marks the first time that the media company has made such a drastic reduction in its workforce.
"As we look at all our opportunities and challenges ahead, we have to make some tough decisions about our organization," Rooster Teeth co-founder and CEO Matt Hullum wrote in a memo to staff, adding that the layoffs had been & # 39; t "reflecting the individual performance of each, and we are grateful for all the contributions of our former colleagues."
Rooster Teeth confirmed that the layoffs had an impact on employees in areas such as content production, advertising, distribution and e-commerce, even though event staff had been spared. Rooster Teeth refused to confirm if senior executives were affected.
Rooster Teeth was founded in 2003 and has changed hands many times since 2014, initially acquired by Fullscreen, then absorbed by Otter Media, then bought by AT & T / WarnerMedia.
Our best wishes to those who have been affected by the layoffs.
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