Loot Crate Files For Bankruptcy After Layoffs

Loot Crate, the self-proclaimed “world leader in fan-subscription boxes,” has filed for bankruptcy following reports of layoffs at the company.

The announcement came via an overnight press release just days after the company reportedly¬†laid off dozens of employees, according to a report from the LA Times, apparently without severance of any kind. This comes after the company had already shuttered a warehouse and laid off almost 150 workers this past May, but none of that stopped LootCrate’s CEO Chris Davies from saying “We are very pleased with our progress from an operational efficiency standpoint,” continuing that “The company still faces liquidity issues.”

Continue reading…

Source: IGN.com Loot Crate Files For Bankruptcy After Layoffs