"As we looked ahead at all of our upcoming opportunities and challenges, we had to make some difficult decisions about how we are organized.
AT&T bought out TCG's stake in the business in the summer of 2018 following its acquisition of Time Warner, since renamed WarnerMedia, which acquired AT&T's stake in Otter in May. In addition to Fullscreen, Otter's brands include Crunchyroll, Ellation and Rooster Teeth. In January, it debuted the animated program Thursday's layoffs are the latest development in a tumultuous period at the company. According to Hullum, the layoffs come as a result of the need to right-size the studio, so it can meet future growth goals. (This has led to partnerships between Rooster Teeth and other WarnerMedia companies like DC Comics and Cartoon Network.) This decision is not reflective of anyone's individual performance, and we're thankful for all that our former colleagues have contributed.
So, things like the recent layoffs, the reported animation crunch, none of that is on Matt's shoulders anymore. Rooster Teeth CEO Matt Hullum wrote in a letter to his employees that was obtained by Variety that the layoffs were being made to prepare for upcoming "opportunities and … For the first time in its history, Rooster Teeth has been hit with major layoffs, with 13% of the production house's workforce being trimmed.The layoffs were confirmed by Rooster Teeth CEO and co-founder Matt Hullum, who, in a "Today has been a tough day at Rooster Teeth, and is unlike any other moment of organizational change we have experienced together," Hullum wrote. "As discussed during your department meetings, our managers have adjusted their teams to meet the needs of our future. Its animated dystopian mecha series “Gen:Lock,” with Michael B. Jordan voicing the lead role, launched earlier this year, first available on Rooster Teeth’s streaming-subscription service before it began airing on Cartoon Network’s Adult Swim this summer.Rooster Teeth counts over 45 million subscribers across its YouTube channels and 3 million registered community members on roosterteeth.com. AUSTIN, TX — Rooster Teeth — the company that annually stages the popular RTX Austin convention in Austin — announced it's laid off 13 percent of its staff. In 2014, Rooster Teeth was acquired by Fullscreen Media, the multichannel network that itself had been bought a few months prior by AT&T and the Chernin Group. "As we begin a new chapter, we have the opportunity to focus on what we do best: creating great content for our community and partners, supported by key lines of business including advertising, distribution, memberships, events and e-commerce. © Copyright 2020 Variety Media, LLC, a subsidiary of Penske Business Media, LLC. Variety and the Flying V logos are trademarks of Variety Media, LLC. All the latest gaming news, game reviews and trailers Our industry is evolving rapidly, and we have to evolve with it if we want to succeed," Hullum wrote in his email to staff Thursday. Featured Events are paid listings by users and receive priority placement on Patch, on our social pages and in our daily newsletters. According to Hullum, the layoffs come as a result of the need to right-size the studio, so it can meet future growth goals. At the time, Hullum called it a "difficult" decision but wrote in a blog post that the layoffs were needed to help Rooster Teeth refine its focus. "Unfortunately, this meant that earlier today we reduced the size of our team by approximately 13 percent overall," he continued. It also produces RTX, series of annual gaming and internet conventions, runs a game-publishing division, and sells an array of merchandise.
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