XSET Makes Strategic Staff Cuts

XSET, an esports and gaming lifestyle organization, initiated strategic staff reductions in early June 2023. The company terminated at least two employees within its content production department, citing a need to streamline operations and adhere to a leaner budget. These actions represent the first reported instance of staff layoffs at the organization during the 2023 calendar year.

The workforce reduction occurred shortly after the company secured a new sponsorship agreement with the esports venue operator Glytch. Additionally, the layoffs followed the departure of XSET co-founder and chief business development officer Clinton Sparks, who exited the organization on May 12, 2023, for undisclosed reasons.

These developments highlight a period of organizational transition and fiscal adjustment for the company. While the organization continues to pursue commercial partnerships, the focus on departmental streamlining suggests a broader effort to manage operational costs within the competitive gaming sector.