Enthusiast Gaming Lays Off Almost 10% of Staff As Revenues Slip

The publicly traded publisher lost $59 million in the third quarter

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The video game publisher and media company Enthusiast Gaming laid off around 20 employees across Friday and Monday—nearly 10% of its 200-person workforce, according to two people familiar with the situation.

The cuts primarily affected sales and sales support staff, and they follow a previous round of reductions held by the publicly traded Canadian company in May.

The company confirmed the news.

The layoffs mark the latest in a grim series of cuts sweeping the media industry, as the advertising rebound enjoyed by technology platforms has failed to find its way to the digital media sector.

Media companies including Condé Nast, The Washington Post, Vox Media and G/O Media have all trimmed headcount in recent weeks.



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