Major Asian MMA organization, ONE Championship, has laid off 20% of its employees while simultaneously pursuing another round of investment. The organization, which also promotes kickboxing and Muay Thai fights alongside MMA, reported both of these decisions in a public company statement. It is estimated that ONE has roughly 400 employees. However, it is unknown how many precisely will be affected by these layoffs beyond the 20% figure provided by ONE.
ONE announces two big numbers
ONE has been forced, like many other promotions, to close down operations because of complications caused by COVID-19. Five events, four in Singapore and one in the Philippines, were cancelled as a result.