{"id":36565,"date":"2024-07-01T18:57:11","date_gmt":"2024-07-01T22:57:11","guid":{"rendered":"https:\/\/esportbet.com\/?p=36565"},"modified":"2024-07-01T18:57:11","modified_gmt":"2024-07-01T22:57:11","slug":"esports-betting-site-rivalry-restructures-lays-off-29-employees","status":"publish","type":"post","link":"https:\/\/esportbet.com\/esports-betting-site-rivalry-restructures-lays-off-29-employees\/","title":{"rendered":"Esports betting site Rivalry restructures, Lays off 29 employees"},"content":{"rendered":"

Rivalry<\/a> has recently let go of 29 employees as part of a restructuring effort to reorganise teams and facilitate its new expansion into product categories and audience segments.<\/p>\n

Steven Salz, the CEO and co-founder of Rivalry, explained that the company is focusing on areas that show customer success and a return on investment.<\/p>\n

This shift in focus has led to the realisation that future roles are different from those that were previously required.<\/p>\n

In light of this change, Rivalry had to make the decision to say goodbye to 29 talented colleagues as part of their company restructuring.<\/p>\n

Looking ahead Rivalry plans to concentrate on areas where they can excel and achieve success, which includes refining their strategy and restructuring teams. <\/p>\n

Originally concentrating on esports betting<\/a>, Rivalry has gone through a transformation since its inception in 2017.<\/p>\n

The company expanded into iGaming in 2022 and has now become a gaming platform.<\/p>\n

This year, Rivalry announced plans to enter the B2B sector in an effort to explore new revenue opportunities and broaden its market reach.<\/p>\n

In May, the company revealed its intentions to step into the world of cryptocurrency gambling by introducing the Rivalry Token, a currency, to blockchain technology.<\/p>\n

Salz is of the opinion that utility tokens based on cryptocurrency have the potential to transform customer and brand loyalty within the gambling sector.<\/p>\n

He stressed that cryptocurrency isn’t a passing trend, citing industry reports showing that crypto bets now account for 25% of betting activity.<\/p>\n

He also predicted that this market share will keep growing as older demographics phase out.<\/p>\n

On LinkedIn, Salz posted a list containing the names, job titles, and contact details of some employees affected by the changes, inviting new employers to reach out.<\/p>\n

Salz expressed; “As we make moves at Rivalry with an eye on the future we’ve had to make decisions about parting ways with some talented colleagues this week.<\/p>\n

To those impacted, your contributions to Rivalry are greatly valued.”<\/p>\n

Salz mentioned that affected employees have been given the choice to be included in the list and emphasised their support in finding opportunities.<\/p>\n

More esports news<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Leading eSports betting company, Rivalry has laid off 29 employees as part of a restructuring exercise as they change their focus.<\/p>\n","protected":false},"author":15,"featured_media":32185,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ghostkit_customizer_options":"","ghostkit_custom_css":"","ghostkit_custom_js_head":"","ghostkit_custom_js_foot":"","ghostkit_typography":"","footnotes":""},"categories":[3],"tags":[2029],"class_list":["post-36565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-rivalry"],"yoast_head":"\nEsports Sportsbook Rivalry Lays Off 29 Employees In Rebuild<\/title>\n<meta name=\"description\" content=\"Leading eSports betting company, Rivalry has laid off 29 employees as part of a restructuring exercise as they change their focus.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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