888 to cut dozens of jobs as part of global “streamlining” process
Firm says lay-offs needed to “ensure we have the most efficient operational focus”
888 Holdings is laying off dozens of employees at several offices around the world as part of an ongoing streamlining process.
The bulk of the cuts will come at the firm’s Israeli office, with the move prompted by increased taxes in several markets where the firm operates.
An 888 spokesperson told EGR Intel: “We are focused on continuing to develop 888 in the dynamic and fast-moving global online gaming industry.
“We continually assess our organisational structure to ensure that we have the most efficient operational focus to deliver 888’s strategy of growing across product verticals and regulated markets.
“As a result, we have entered a consultation process with a limited number of employees and we are in direct dialogue with those who are potentially impacted.”
Israeli news source Calcalist.co also reported the layoffs were related to “the tightening of regulatory requirements that the Company is required to comply with as part of its license terms”.
888 is currently under review by the Gambling Commission over potential breaches of its license conditions.
The firm currently employs around 1,300 staff, with the biggest workforce based in Israel.