How will ESPN Bet deal with more Penn Interactive layoffs?

Monday, September 23, 2024 8:16 PM
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  • Matthew Waters, Legal Sports Report

Another round of layoffs at Penn Interactive is shaking up the team behind ESPN Bet just two months after the first round.

A Penn spokesperson did not comment on the specifics of how many people were involved in this round. The first round, which also included an unspecified amount of workers from the iGaming and sports betting division, came in mid-July.

“These changes, affecting a limited number of positions at PENN Interactive, are part of the deferred organizational initiatives that followed our acquisition of theScore, which we have previously spoken about,” the spokesperson told LSR concerning this week’s layoffs.

Penn’s stock was down more than 1% shortly after the market opened Friday.