FaZe Clan has recently undergone restructuring, with major layoffs taking place recently. These affected even long-time members, such as Blaze. The group's founding members have once again taken the helm since 2023, with Richard "Banks" assuming the role of CEO, Tommy "Temperrr" acting as the organization's president, and Yousef "Apex" supporting the two as a fellow co-founder.
The names of the various members who were let go from the organization, along with those who remain were listed as part of a video uploaded by FaZe Clan's official X account on April 27. This article explores the reason behind the layoffs.
Richard "Banks" took it upon himself to "reboot" FaZe Clan after it was acquired by GameSquare in October 2023. This acquisition acted as a catalyst for the change in leadership and subsequent layoffs. Richard has recently updated the remaining list of creators affiliated with the gaming organization on his X account.
Banks offered explanations regarding the layoffs in several replies on the social media platform and has been able to acquire command over the organization's decisions after years without "any sort of actual real control." Furthermore, he has stated that he had his shares "stolen from him," saying:
On the other side, while responding to former member Kalei about her concerns about her layoff, Banks stated that the reason she was let go was that she had been recruited during "darkest era" of FaZe, which did not allow for a "genuine relationship" to be formed with her. As per him, she was laid off because the company had to 'wipe its slate clean'.
Furthermore, he mentioned that the changes in membership happened due to a desire to try and get the clan back to being "fun," which, as per Banks, it has not
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