Sports-betting giant DraftKings cuts 140 jobs as part of reorganization

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The entranceway from the elevators, designed to lucifer a passageway entering a stadium, is pictured astatine the caller DraftKings bureau successful Boston.

David L. Ryan | The Boston Globe via Getty Images

DraftKings is eliminating 140 jobs, oregon astir 3.5% of its workforce, arsenic portion of a reorganization.

The banal roseate astir 3% connected Thursday.

The sports betting giant said it is progressively focused connected making its operations much efficient.

"We are perpetually evaluating our teams to guarantee they are champion positioned to conscionable our institution goals successful 2023 and beyond," a institution spokesperson said successful a statement.

DraftKings said it's shifting concern from business-to-business into mobile developments. Affected segments see engineering and endowment acquisition.

DraftKings besides said roles are being eliminated successful the U.S and internationally, but chiefly successful its Europe, Middle East and Africa segment.

The institution plans to study 2022 fourth 4th results connected Feb. 16.

Earlier this week, DraftKings and Molson Coors announced a concern related to their Super Bowl ad.

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