24hPoker cutting employees in bid to regain profitability
Malta-based 24hPoker will be dropping employees in a reorganization designed to cut costs. The Swedish gaming group has set aside approximately $230k for layoffs in the coming third quarter, from an expected savings of about $920,000 per year.
“24hPoker has not been profitable and we have therefore decided to re-organize and make the organization more efficient to take control over our costs. To realize personnel cuts is never pleasant to do,
but cost control is one of the four corner stones we build our strategy on. This is one step in the process of turning the company back into profitability,” says Peter Ã…ström, CEO 24hPoker.
