One C'ship lets go of 'a few dozen employees'

Mixed martial arts (MMA) organisation One Championship has laid off a number of employees - including those from its Singapore headquarters - on Oct 16.

- Deepanraj Ganesan

In response to queries from The Straits Times, a spokesperson said: "On Wednesday, One Championship made the difficult decision to lay off a few dozen employees as part of its overall strategic plan to bring the company to profitability in the coming months.

"This decision was not made lightly and reflects our ongoing commitment to streamlining operations and focusing on long-term sustainability and growth."

According to its LinkedIn profile, One has a global staff strength of between 201 and 500. Besides Singapore, it also has offices in Tokyo, Los Angeles, New York, London, Shanghai, Milan, Bangkok, Manila, Jakarta and Bengaluru.

Its institutional investors include Temasek Holdings.

While One did not reveal how many of its staff in its Singapore office were let go, an affected party who declined to be named said that over 20 of his colleagues here, across the broadcast, e-sports, finance, marketing and public relations departments, were laid off.