As reported in the Gibraltar Chronicle, 888 are looking to get ahead of worsening market conditions and reduce their cost base.

It is believed that the company is looking at up to 40 redundancies locally in Gibraltar. Many of the worlds largest Online Gaming operators are based in the British jurisdiction and the industry makes up a surprisingly large part of the countries employment and tax revenues.

Headlines such as "888 make redundancies" can be seen to be alarmist, but in the case of 888 they are not to be taken as a sign of big problems.

They are simply spring cleaning with the usual good corporate governance we expect from them. 888.com is one of the biggest, one of the best and one of the smartest. This kind of proactive company management is what keeps them that way.

About 888.com:
888 Holdings Public Limited Company (888) is one of the world's most popular online gaming entertainment companies. 888 develops and manages principal aspects of its operations in-house, including software development, marketing, business development, back office payment processing, risk management, and member relationship management.

Source: Calida Gaming

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