EK is Imploding: Not Paying Employees, Partners, & Suppliers | Investigative Report:kafa:

• EK Water Blocks parts ways with top management
  
  
• Corsair opens port to ex-EKWB top management
  
  
• EKWB lays off 25% of workforce, blames lower watercooling sales

EKWB and a financial disaster with an announcement: Unpaid invoices, exploited employees and annoyed creditors:kafa:

Exposing Corruption: EK's Prison Threats, Lawsuits, Dangerous Workplace, & Leaked Documents:kafa:

We flew to EKWB HQ to get answers from CEO:kafa:

https://i.postimg.cc/3xZ6p7cZ/EKWB.png

https://i.postimg.cc/4yQtSPqk/EKWB.png

EDIT:

Citiraj:

EKWB's future looks grim — key personnel jump ship to Noctua and Thermal Grizzly:kafa: Citiraj: Some of EK Water Block’s top employees are now leaving the company, with Head of Product Marketing Attila Gobor reportedly joining Noctua and Lead Product Designer Joe Robey moving to Thermal Grizzly as its Head of Mechanical R&D. This news, as reported by OC3D, is the latest blow in a series of setbacks that the water-cooling giant is experiencing. The issue first came to light in April of this year when reports surfaced that EKWB had left its employees and suppliers unpaid for four months. It was soon confirmed by its CEO and founder, Edvard König, who promised to rectify problems and right the EKWB ship. All this happened nearly two years after the company cut its workforce by 25% percent, significantly as global sales of water-cooling solutions dropped precariously. However, even after stepping back into the reins of leadership, it seems that EKWB is still not on track to profitability. The problem of EKWB’s workforce’s unpaid salaries has become so prevalent that the Slovenian labor authorities have stepped in and started investigating the company. Although the company has not declared bankruptcy, we’re unsure how long it can survive. This latest departure of top talents could mean they already see the company as a lost cause and are jumping ship to save themselves. OC3D has allegedly talked to several industry insiders to see if there is a chance that a competitor could acquire the company. However, most responses say that EKWB has too much debt and that any acquisition would not make financial sense. Unless EKWB can make a drastic change or someone makes an offer on the company, we’re afraid it might not last much longer. This would be a significant blow to the water-cooling industry, especially as EKWB is one of the few companies that has created premium water-cooling solutions for extreme enthusiasts. Nevertheless, Robey’s move to Thermal Grizzly might mean it plans to launch products that could compete with or even replace EKWB’s cooling solutions. We still hope that EKWB can recover and continue making water-cooling products that will allow enthusiasts to push their chips to the limit. As our chips get faster (and hotter), we could surely use EKWB’s expertise to help us keep their temperatures down. Izvor: Tom's Hardware

Citiraj:

EK Water Blocks Responds to OC3D – Ex-Staff Members Weigh-in:fiju: Citiraj: In the late hours of yesterday evening, EK Water Blocks responded to our article on their recent loss of several high-level employees. To say the least, this response has angered a lot of our ex-EK contacts. We have an official response for EK at the base of this article, but there is a lot to unpack here. EK has been a company that has been controversial for most of 2024. Following an expose by Gamers Nexus, the company apologised for “outstanding payments” to employees and suppliers. That said, we know that Slovenian authorities have started an investigation into EK over continued delayed payments. We have spoken to multiple ex-EK employees over the past few months about these ongoing issues. This incudes both well known EK ex-staffers and lesser known ex-employees. We know that many ex-employees are still owed money by EK, and that current staffers are still facing delayed payments. To say the least, delayed salary payments is a horrendous business practice. It has a huge impact on the financial and mental wellbeing of employees, and it has been an ongoing issue at EK for far too long. Considering these issues, it makes sense that a lot of staff have left EK. People need money to live. After all, rent needs to be paid, and we all need food for our tables. Failure to pay your employees promptly is both cruel and unfair. As an FYI, we would like to inform you that we know that another large Gamers Nexus video about EK is due to be released immanently. I hope that you will have a long and more detailed response to his video. You may be able to ignore us, but you can’t ignore Steve. Izvor: OC3D

How 4 People Destroyed a $250 Million Tech Company

:chears::frend:

EDIT:

I NEED to clarify something in Gamers Nexus video about our arrangement with EKWB:hitthewal:

EKWB CEO Edvard König Addresses Current Situation & Commitment to EK's Future Stability:hitthewal: