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Cryptocurrency News Articles
FaZe Clan Founder Defends Layoffs as "Reboot," Drops F-Bombs on Critics
Apr 28, 2024 at 05:17 am
FaZe Banks addressed recent layoffs within the FaZe clan, characterizing the negative reactions as originating from "clout chasing rats." He announced that the organization's roster had been trimmed down, with several members, including Blaze, Booya, Cbass, Cizzorz, Faxuty, and Flea, no longer being part of the team. Banks revealed that he had planned to reduce the number of employees to 10 and had already cut over 110 members during the rebrand in early 2024. He also shared a list of the remaining members, stating that "everyone else is out."

Amidst the recent layoffs at the FaZe clan, its founder, Richard "Banks", penned a post on X characterizing the move as a "reboot." Banks also mentioned a recently released video by Lucas "Blaze", who expressed gratitude for Richard's decision to include him in the organization. Among the members impacted by the recent FaZe restructuring are Blaze, Booya, Cbass, Cizzorz, Faxuty, Flea, and others.
In response to negative reactions to the layoffs, Banks fiercely denounced, "Fk em all. Couldn’t of said it better myself. What does it say about how Blaze reacted vs. how some of these random little clout chasing rats are reacting. We didn’t even recruit you, some fking weirdo did. SEE YA B**CH, this a reboot."
Banks subsequently shared a complete list of remaining clan members on X. These significant changes follow the merger of the FaZe clan with GameSquare, resulting in the former becoming a wholly-owned and independent subsidiary of the latter. Banks initially planned to reduce the total employee count to 10, having already cut over 110 members as part of the brand overhaul initiated in April 2024.
With these changes, Banks assumed the role of CEO, subsequently outlining plans for the clan's rebranding and restructuring. Alongside the list of retained members, Banks included a simple message: "Everyone else is out. That is the roster."
In the wake of their departures, several removed creators have responded to the news. They expressed gratitude to Richard for the opportunities afforded by their affiliation with the clan while expressing anticipation for the next chapter in their careers.
Following his release, former FaZe member Lucas "Blaze" disclosed in a YouTube video that he had anticipated his removal two months prior to its occurrence. Coincidentally, on the same day, he received news that his chocolate brand, "Charged," had secured an exclusive six-month retail partnership with retail giant Walmart.
In a subsequent post on X, FaZe Banks shared the full roster of remaining members within the organization. These comprehensive measures were implemented following the merger of the FaZe clan with GameSquare, resulting in the former becoming a wholly-owned and independent subsidiary of the latter.
Banks initially planned to reduce the total number of employees to 10, with over 110 members already having been released as part of the rebranding process initiated in April 2024.
With these changes, Banks assumed the role of CEO, subsequently outlining plans for the clan's rebranding and restructuring. Alongside the list of remaining members, Banks included a simple message: "Everyone else is out. That is the roster."
In the wake of their departures, several removed creators have responded to the news. They expressed gratitude to Richard for the opportunities afforded by their affiliation with the clan while expressing anticipation for the next chapter in their careers.
Following his release, former FaZe member Lucas "Blaze" disclosed in a YouTube video that he had anticipated his removal two months prior to its occurrence. Coincidentally, on the same day, he received news that his chocolate brand, "Charged," had secured an exclusive six-month retail partnership with retail giant Walmart.
Amidst the layoffs in the FaZe clan, its founder, Richard "Banks", penned a post on X characterizing the move as a "reboot." Banks also mentioned a recently released video by Lucas "Blaze", who expressed gratitude for Richard's decision to include him in the organization. Among the members impacted by the recent FaZe restructuring are Blaze, Booya, Cbass, Cizzorz, Faxuty, Flea, and others.
In response to negative reactions to the layoffs, Banks fiercely denounced, "Fk em all. Couldn’t of said it better myself. What does it say about how Blaze reacted vs. how some of these random little clout chasing rats are reacting. We didn’t even recruit you, some fking weirdo did. SEE YA B**CH, this a reboot."
Banks subsequently shared a complete list of remaining clan members on X. These significant changes follow the merger of the FaZe clan with GameSquare, resulting in the former becoming a wholly-owned and independent subsidiary of the latter. Banks initially planned to reduce the total employee count to 10, having already cut over 110 members as part of the brand overhaul initiated in April 2024.
With these changes, Banks assumed the role of CEO, subsequently outlining plans for the clan's rebranding and restructuring. Alongside the list of retained members, Banks included a simple message: "Everyone else is out. That is the roster."
In the wake of their departures, several removed creators have responded to the news. They expressed gratitude to Richard for the opportunities afforded by their affiliation with the clan while expressing anticipation for the next chapter in their careers.
Following his release, former FaZe member Lucas "Blaze" disclosed in a YouTube video that he had anticipated his removal two months prior to its occurrence. Coincidentally, on the same day, he received news that his chocolate brand, "Charged," had secured an exclusive six-month retail partnership with retail giant Walmart.
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