Beyond the Summit closes doors as esports winter continues Beyond The SummitEsports tournament organizer Beyond The Summit (BTS) has closed its doors and let go of all of its staff, according to co-founder David \u2018LD\u2019 Gorman. An era is over as Beyond the Summit, a tournament organizer for games like Super Smash Bros. and Dota 2, has announced that it will cease operations. In a statement posted to Twitter, BTS co-founder LD announced that the company had let go of its staff and would be closing its doors. The co-founder said that BTS will keep its full-time staff on its payroll for two weeks, everyone will be offered two weeks\u2019 severance, and the company will continue to pay for healthcare coverage for its United States-based workers through April. BTS shuts down tournament operations after 11 years In the statement, LD wrote, \u201cbased on our current financial outlook, and how challenging the next year looks, we\u2019ve decided that it would be irresponsible to keep BTS going in its current structure. So, after nearly 11 years in business, we\u2019ve made the extremely difficult decision to let all our people go.\u201d BTS will also complete its current obligations for the events it is already set to organize, including Smash Ultimate Summit 6. LD also said in the statement that the company is still \u201cexploring other paths forward, especially ones that allow us to do right by our staff.\u201d The statement said that BTS would rather take these measures now instead of running the company into the ground and potentially not being able to pay any of their staff. \u201cWe don\u2019t want to leave our people out in the cold. We don\u2019t want to leave them with uncertainty, constantly wondering and worrying when the money will run out,\u201d LD said. BTS was one of the few tournament organizers in esports that was not backed by venture capital funds, remaining independent throughout its 11-year history. It adds to the list of esports companies that are either letting go of staff or are ceasing operations altogether during this difficult economic climate.<\/p>\n","protected":false},"excerpt":{"rendered":"
Beyond the Summit closes doors as esports winter continues Beyond The SummitEsports tournament organizer Beyond The Summit (BTS) has closed its doors and let go of all of its staff, according to co-founder David \u2018LD\u2019 Gorman. An era is over as Beyond the Summit, a tournament organizer for games like Super Smash Bros. and Dota […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-66363","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/66363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=66363"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/66363\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=66363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=66363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=66363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}