FanDuel has undergone its third round of layoffs in less than a year, adding to mounting job cuts across the gambling industry as operators grapple with the rise of prediction markets, pressure to improve profitability, and increased artificial intelligence use.
Two sources familiar with the matter tell Front Office Sports that a few hundred employees were laid off across various areas of the business, including software engineering, customer service, and business development. Another source tells FOS the cuts were “very widespread” and that employees have been trying to find jobs at other sportsbooks. The new round of cuts included multiple people who had been in management positions for multiple years, as well as employees who started with the sportsbook back when it was a daily fantasy sports company (FanDuel first launched in 2009).
A FanDuel spokesperson confirmed that layoffs took place but would not comment on the number of people impacted.
“FanDuel implemented organizational changes to ensure the company remains agile, focused, and well-positioned to capitalize on what lays ahead, and these changes affect a number of roles across the business,” the spokesperson said in a statement. “We are deeply grateful to the talented colleagues whose contributions have helped drive FanDuel’s success and are committed to supporting those impacted through this transition.”
