One retrenched team representative told CNA that the downsizing exercise had been planning for several days and that they had spoken to her on the condition of anonymity.  ,
The former employee claimed to be a part of the business that Mr. Sityodtong and the other employees had been invited to a online meeting.  , This seemed strange, said the former staff.  ,
” Typically, business conferences are all in person in a boardroom”, he said.
” When I saw that it was only (virtual ), then I expected ( layoffs ) because this is exactly what they did in the last round in 2020″ . ,
In 2020, ONE Tournament cut 20 per share of its workers worldwide amid the COVID-19 crisis.
” During the meeting… ( Mr Sityodtong ) said that after the meeting, if you get a call, you’re out. If do n’t get a call, you’re safe, which is a ****ing nerve-wracking way to do it”, the ex-employee said.  ,
In the end, he got the dreaded visit. In a smaller gathering, the organization explained that he was being laid off as a cost-cutting estimate.  ,
Given reports that ONE Championship raised at least US$ 50 million from shareholders, including Qatar Investment Authority, on the same day, he claimed the judgement was particularly impressive.
Another person with near knowledge of the brand claimed to have been informed of the retraining plans a week ago but was instructed by ONE Championship to keep it to himself.  ,
” There have been speculations for a while evidently in the workforce”, he said.  ,
According to the ex-employee, the compensation deal was two weeks ‘ spend for every year of services, on top of one quarter of notice-period give, and encashed left.  ,
According to the ex-employee, 30 to 40 team members at the Singapore company were terminated, and those who lost were then immediately locked out of their servers.  ,
He claimed he enjoyed his time there and the interaction with his coworkers in his illustrious times.  ,
” It was a good job for me… so to go like that is kind of disappointing ( and ) there’s nothing I can do about it”, he said.  ,
” If the management feels like this is the direction they need to take to cut costs, then that’s on them” . ,