ONE Championship cuts 20% of staff after raising another $70M USD

Ant Walker and Patrick Auger discuss ONE Championship’s recent press release that specifically focused on adding “another US$70 million to its war chest.”

Somewhat hidden in the press release, however, was one sentence that revealed a lot more about the promotion’s current state of affairs: “ONE Championship has also streamlined operations, including a 20% reduction of total worldwide headcount.”

Per a recent report by John S. Nash for Bloody Elbow, ONE Championship’s losses skyrocketed to $126 million in 2018, growing from $66.7 million in 2017.

Making matters worse, reports from veteran journalists including Josh Gross indicate “that ONE actually parted ways with closer to 50%-60% of its workers, which includes all freelance contractors.”

As ONE Championship scrambles to avoid negative attention, Ant and Patrick dive into the details about these recent developments and more.

This is one part of a longer four-part discussion that is also available on our YouTube channel. If you liked this content, make sure to hit subscribe and stick around for more videos like this!