Rivalry Corp., an esports and traditional sports betting company, announced a large-scale reduction in its workforce. Reports indicate that all staff currently under contract were laid off. This Canadian company has experienced an extended period of volatility and underperformance. Its stock, trading as RVLY on the TSXV exchange, has lost over 99% of its value. The board of directors is now evaluating strategic alternatives to stay afloat.
https://www.dust2.us/news/70686/esports-sportsbook-rivalry-announces-mass-layoffs-as-company-weighs-options-to-stay-afloat