{"id":271,"date":"2024-06-27T22:35:10","date_gmt":"2024-06-27T19:35:10","guid":{"rendered":"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/27\/tombola-to-cut-250-jobs-following-flutter-acquisition\/"},"modified":"2024-06-27T22:35:10","modified_gmt":"2024-06-27T19:35:10","slug":"tombola-to-cut-250-jobs-following-flutter-acquisition","status":"publish","type":"post","link":"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/27\/tombola-to-cut-250-jobs-following-flutter-acquisition\/","title":{"rendered":"Tombola to Cut 250 Jobs Following Flutter Acquisition"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/1jx35NSjmVQ\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The acquisition of Tombola by Flutter, finalized in January 2022 for a hefty \u00a3402 million (\u20ac463.6 million\/$488.7 million) following its announcement in November 2021, is anticipated to result in the dismissal of 250 employees after a thorough operational evaluation.<\/p>\n<p>Last week, reports emerged suggesting that the job cuts were a consequence of cost-reduction strategies implemented by the online bingo enterprise. Today (October 16), a Tombola representative confirmed to iGB that approximately 250 positions are in jeopardy. However, they emphasized that opportunities for reassignment, particularly in the northeastern area, would be available.<\/p>\n<p>Tombola also acknowledged that those facing potential job losses are part of its customer service team, encompassing chat, customer support, and safe gaming units.<\/p>\n<p>Over the past twelve months, the industry has witnessed a significant increase in job cuts. Recently, another gambling behemoth, Entain, substantiated reports of layoffs within its Australian operations. Earlier reports indicated that the company had &#8220;dismissed more than 50 individuals.&#8221; In August, Catena Media announced the sale of its UK and Australian online sports betting brands to Moneta Communications for \u20ac6 million &#8211; stating that it would be consulting on job cuts in the UK and Malta. <\/p>\n<p>Tombola, as part of a reorganization strategy, has declared it will be reducing its workforce by 15% in its North American interactive division.<\/p>\n<p>The firm will continue to operate in the Northeast.<\/p>\n<p>A representative stated in a press release that the staff will be consulted.<\/p>\n<p>\u201cWe are announcing some proposed adjustments to our customer service teams today, which follow a thorough examination of our operations,\u201d the representative stated. \u201cAs a consequence, some colleagues will be involved in a formal consultation procedure which will include substantial opportunities for reassignment within the business, but will unfortunately lead to some job losses.<\/p>\n<p>\u201cColleagues involved in this process have been notified and our priority is to support them and their teams during this period of transition.\u201d<\/p>\n<p>Tombola reaffirmed its dedication to the North East of England and stated that Sunderland will remain its main office.<\/p>\n<p>\u201cTombola is a leader in the field of customer protection, including a maximum wager of \u00a32 on all our online bingo and arcade games,\u201d the representative continued. \u201cWe are also proud of our role as a significant employer in the North East of England and Sunderland and plan to continue investing in the region in the future.\u201d<\/p>\n<p>Despite the potential job cuts, Tombola\u2019s workforce has expanded since the Flutter acquisition. Tombola had 769 employees at the end of 2021, of which 629 were based in the UK. <\/p>\n<p>Currently, following the acquisition by Flutter, the firm boasts a workforce of 847 individuals, with 706 hailing from the United Kingdom.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition of Tombola by Flutter, finalized in January 2022 for a hefty \u00a3402 million (\u20ac463.6 million\/$488.7 million) following its announcement in November 2021, is anticipated to result in the dismissal of 250 employees after a thorough operational evaluation. Last week, reports emerged suggesting that the job cuts were a consequence of cost-reduction strategies implemented [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tombola Job Cuts: Flutter Acquisition Aftermath<\/title>\n<meta name=\"description\" content=\"Following its acquisition by Flutter, Tombola faces potential job cuts as part of cost-reduction measures. 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