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DraftKings cuts 140 jobs as part of reorganization - TL;DR CNBC

DraftKings cuts 140 jobs as part of reorganization

Publishing timestamp: 2023-02-01 12:56:04


Summary

DraftKings is cutting 140 jobs, or about 3.5% of its workforce, as part of a reorganization. The company is shifting investment from business-to-business into mobile developments and roles are being eliminated in U.S and internationally. Earlier this week, DraftKings and Molson Coors announced a partnership related to their Super Bowl ad.


Sentiment: MIXED

Tickers: DKNGTAP

Keywords: gamblingmolson coors beverage cosportsbusiness newsmediadraftkings inc

Source: https://www.cnbc.com/2023/02/01/draftkings-cuts-140-jobs.html


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