ONE Championship announced on Monday that they’re laying off “20%” of their workforce.
The Singapore-based MMA promotion, which has been known for making very bold claims, unsurprisingly had their unique way of revealing the unfortunate news.
Their press release was mainly about claiming to add $70 million to its “war chest” from undisclosed “existing and new” investors, but they also mention a decision to have a “20% reduction of total worldwide headcount.” The news was something their President was apparently “thrilled to announce.”
ONE Championship Adds US$70 Million To Its War Chest
Existing And New Institutional Investors ParticipateThe largest global sports media property in Asian history, ONE Championship™ (ONE), today announced that it has added US$70 million to its war chest, bringing total capital to US$346 million.