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The Guard, a professional Esports organization owned by Korenke Sports & Entertainment, has laid off all of its employees on its content, social, talent departments, and creative teams.
Stan Kroenke, the founder of Korenke Sports & Entertainment, is a multi-billionaire who owns various sports teams such as Los Angeles Rams and Denver Nuggets.
Multiple people recently quit their job to move to LA to join The Guard only to find out that the organization laid off its entire crew.
Mavriq is one of such people that recently quit their job to move to LA to work at The Guard as a Short-form producer, only to be let go a couple of days later.
Then we have Ariel Ben-Abraham who moved to LA to work for The Guard two days before the layoffs and signed a 19-month lease.
Security was trying to detain him for trying to back up his important files on his laptop.
All in all, we don’t know why The Guard lays off all its employees. One thing we do know is that Esports org is currently not profitable. There are many speculations that they are going back to the drawing board.