100 Thieves is laying off 20 percent of its staff as it focuses on ‘core’ of esports and apparel

Another big esports brand is making some major changes. 100 Thieves, which already announced layoffs in January, is laying off more staff and spinning out its internal game development studio and its Juvee energy drink, 100 Thieves president and COO John Robinson said in a Thursday thread on X (formerly Twitter). The cuts impact roughly 20 percent of the company’s employees and primarily affect Juvee and the game development studio, Robinson tells The Verge. (Robinson wouldn’t confirm a…