Penn Entertainment is reducing its headcount, including positions affecting ESPN Bet.
Employees began posting to LinkedIn this week saying they were part of a round of layoffs at Penn. One of those public posts included an affiliate marketing manager for ESPN Bet.
An internal letter from CEO Jay Snowden obtained Wednesday by LSR says there were a “limited number” of layoffs in the sports betting and online casino segment.
Snowden kept the tone of his message to Penn employees positive:
“This week, we are implementing changes at PENN Interactive to help streamline reporting lines, enhance operational efficiencies, and leverage shared resources across PENN. Unfortunately, these changes will result in a limited number of team member separations. While it is difficult to see colleagues impacted, we deeply appreciate their contributions and are committed to supporting them through the transition.
