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Faze Clan fires CEO as esports industry struggles

Summary by Ground News
Faze Clan has fired CEO Lee Trink. CFO Christoph Pachler will take over for Trink on an interim basis. The firm was valued at close to $1 billion near the end of 2021. Most of its teams have been reported to be unprofitable, and it has announced two rounds of layoffs.

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Faze Clan fires CEO as esports industry struggles

Zach Katz, FaZe Nickmercs, and Lee Trink at Parq Nightclub in San Diego, California. | Photo by Cassidy Sparrow/Getty Images for FaZe Clan Faze Clan, a merchandising and influencer marketing agency that was once synonymous with the esports space, has fired CEO Lee Trink. CFO Christoph Pachler will take over for Trink on an interim basis, Bloomberg reports. Faze Clan cultivated a lavish and freewheeling image during its early years. The firm mai…

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The Verge broke the news in United States on Wednesday, September 13, 2023.
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