More cuts at Ladbrokes with 56 jobs under threat
UK operator embarks on third redundancy round of the year as part of continued cost-control measures
Ladbrokes could be about to cut as many as 56 jobs from its London headquarters as the company continues to streamline its operations, eGaming Review has learned.
Staff at the Rayners Lane office were informed of the news earlier today with the job losses set to impact a number of departments “ although it is thought the operator’s retail arm could be the worst hit.
A Ladbrokes spokesperson confirmed the number at risk, but refused to comment further.
The company also began a redundancy consultation involving 100 staff in May and placed 75 roles under threat just two months ago.
Of the 100 roles to have been cut in the first round of redundancies, around half were understood to have been redeployed elsewhere in the company.
The redundancies follow a difficult period for the operator which was recently forced to deny speculation it was readying itself to issue what would be its fourth profit warning of the year.
Ladbrokes’ share price crashed to a low of 178.5p following a leaked email sent from Ireland-based brokerage firm Goodbody Stockbrokers which suggested the bookmaker’s full-year operating profit forecasts were to be cut by £10m to £135m.
Earlier this week, the operator announced it was to re-house a number of its mobile sportsbook team after striking a deal with app developer Chelsea Apps Factory.