View source for News/Nadeshot on 100 Thieves Layoffs

{{News
|seo_title=Nadeshot on 100 Thieves Layoffs
|seo_keywords=100 Thieves
|image=100thieves.png
|tags=100 Thieves
|date=2025-09-10T15:59:18.000Z
|sources={{NewsSource
|source=Twitter
|url=https://x.com/Nadeshot/status/1965056952679137725?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
|article=News/Nadeshot on 100 Thieves Layoffs
}}
|author=Andura
|category=Drama
|content=Matthew ‘Nadeshot’ Haag, founder of esports organization 100 Thieves, has publicly responded to widespread criticism surrounding the timing of his recent Roobet gambling streams and the company's latest round of layoffs. His statements came during a livestream on September 8, where he clarified the timeline and addressed concerns about his current involvement with the organization.

==== Layoffs and Livestream Controversy: What Happened? ====

On September 5, just a day after arriving in Mexico for a planned streaming collaboration with crypto-based gambling platform Roobet, Nadeshot received a text notifying him that [[Companies/100 Thieves|100 Thieves]] would be laying off 12 employees that same day.

“I got a text on the 5th, Friday morning, that they hope I’m enjoying Mexico and just wanted to provide me with an update that they were laying 12 people off that day,” Nadeshot said.

The overlap between the announcement of the layoffs and the promotional gambling streams sparked outrage across social media, with many accusing Nadeshot of insensitivity or poor timing. However, Nadeshot insists the situation was purely coincidental.

==== Nadeshot Clarifies His Role and Timeline ====

In his stream, [[People/Nadeshot|Nadeshot]] explained that he has not served as the CEO of 100 Thieves for nearly two years and currently only participates in quarterly board meetings. He last engaged with the executive team in late July, when layoffs were a potential discussion point but had not yet been confirmed.

“I’m honestly ashamed of it,” he said, reflecting on previous layoffs during his tenure as CEO. “The people that are affected by those layoffs, those are the people that we should feel empathy for.”

Nadeshot also emphasized that the Mexico trip had been arranged weeks earlier by his wife, who is currently 37 weeks pregnant. He noted that his streaming commitments through January had already been scheduled in anticipation of their child’s birth.

==== Roobet Sponsorship and Community Reaction ====

A key point of contention has been Nadeshot's partnership with Roobet, a crypto gambling platform, at a time when job cuts were happening within the organization he helped build. Critics raised ethical concerns, particularly around gambling content and the influence it may have on underage viewers.

Nadeshot addressed these concerns directly, pointing to his audience demographics as evidence that his content primarily reaches adults, not minors.

'''More:'''[[News/Microsoft Partners with LG|Microsoft Partners with LG]]
}}