Galaxy Racer Squares Up With Last Her Galaxy Employees

Key insights

5 takeaways

01
Dubai-based Galaxy Racer has completed all outstanding salary and paid time off (PTO) payments to its recently laid-off North American HER Galaxy staff.
02
The company is scheduled to pay out the winners of the $100,000 HER Galaxy Apex Legends Open by approximately December 23, 2023, in accordance with contract terms.
03
Galaxy Racer officially announced the closure of its North American operations on November 30, 2023.
04
The settlement of staff payments was completed in three distinct rounds of wire transfers following the initial announcement of the North American shutdown.
05
The final administrative requirement for former HER Galaxy employees is the return of company-issued equipment.

Summary

Dubai-based esports organization Galaxy Racer has finalized outstanding financial obligations to its former North American staff following the closure of its HER Galaxy operations. The company successfully completed three rounds of payments to laid-off employees, covering all back salary and accrued paid time off. The resolution of these personnel payments marks a significant step in the company’s wind-down process, with the only remaining administrative requirement being the return of company-issued equipment by former staff members.

The organization remains focused on fulfilling its external financial commitments, specifically regarding the $100,000 prize pool for the HER Galaxy Apex Legends Open held in June 2023. Galaxy Racer has publicly affirmed its intent to honor these contractual obligations, with payouts to the tournament winners expected by approximately December 23, 2023.

This update follows the November 30, 2023, announcement regarding the cessation of the company's North American operations. The information is based on internal sources confirming the completion of staff disbursements and the company’s stated timeline for tournament prize distribution. By addressing these liabilities, the organization aims to conclude its North American business activities in accordance with its contractual and employment agreements.