DraftKings cutting jobs in layoffs and reorganization

Tuesday, February 24, 2026 7:47 PM
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  • Aaron Pressman, The Boston Globe

DraftKings is cutting jobs, as the sports betting giant tightens its belt amid growing competition from lightly regulated prediction markets.

The Boston-based company, which employed 5,500 people across 13 countries at the end of 2025, declined to disclose how many jobs were eliminated or where. The company is moving its office from the Back Bay to the financial district next year, though it’s planning to occupy roughly the same 125,000 square feet footprint of its current headquarters.

“DraftKings has decided to reorganize some teams to better align their people with the most important priorities and areas of investment for the company,” the company said in an emailed statement on Tuesday.