The cuts are getting deeper for FanDuel after the company completed a round of layoffs just a month after reporting slow earnings and parting ways with CEO Amy Howe.
The U.S. gaming giant underwent a round of job cuts late last week, the company confirmed to SBC Americas on Monday, adding to the recent flurry of workforce changes in gaming this year.
According to data provided by Revelio Labs, FanDuel has nearly 4,300 employees. FanDuel did not disclose how many jobs were cut, but reportedly the layoffs affected “hundreds.”
“FanDuel implemented organizational changes to ensure the company remains agile, focused, and well-positioned to capitalize on what lies ahead. These changes affect a number of roles across the business,” a company spokesperson told SBC Americas. “We are deeply grateful to the talented colleagues whose contributions have helped drive FanDuel’s success and are committed to supporting those impacted through this transition. While decisions like these are never easy, these changes will strengthen our ability to execute on our long-term strategy.”
According to LinkedIn, the job cuts impact various roles across several departments:
- Legal operation associates
- Copywriters
- Technical product administrators
- Engineers
- CRM operations associates
- Analysts
- Customer operators supervisors
FanDuel’s latest round of layoffs follows a series of job cuts by Flutter in November 2025.
FanDuel makes workforce changes under new leadership
FanDuel is cutting jobs after Howe left the company last month, an exit announced shortly before Flutter’s Q1 2026 earnings report. In the earnings report, Flutter lowered its full-year revenue guidance to roughly $18.3 billion, down from a previous guidance of $18.4 billion. Flutter also lowered its adjusted EBITDA guidance to $2.8 billion from $2.9 billion.
Neither Flutter nor FanDuel disclosed the exact reasoning behind the departure of Howe, but CNBC reported that she was “ousted” from the position. Over the last year, shares of Flutter are down more than 50% amid headwinds caused by regulatory uncertainty tied to prediction markets and the lack of new online casino and sports betting markets in the U.S.
Howe was replaced by FanDuel President Christian Genetski, whose old role is now held by Flutter veteran Dan Taylor.
Tough start to 2026 for FanDuel
FanDuel TV announced in March a plan to sunset the linear TV network over the next year and a half. The network is reducing its workforce by roughly 60% by July 1, with plans to continue making job cuts on a roll-out basis through 2027.
“FanDuel is directing its investments toward the areas most critical to its long-term roadmap and core businesses,” FanDuel General Manager of Racing Andrew Moore told the Paulick Report in March. “Those principles resulted in making deliberate, difficult decisions to better align the company’s portfolio with where it sees the greatest opportunity.”
FanDuel TV debuted in 2022 as a rebrand of horse racing network TVG.
FanDuel joins growing trend in US gaming
FanDuel isn’t the only gaming brand to part ways with employees in 2026.
The operator joins a growing list of companies to restructure that includes:
- DraftKings
- PENN Entertainment
- Gambling.com Group
- Underdog
GDC Group attributed its workforce changes to the integration of AI despite lukewarm Q1 earnings. Meanwhile, the motivation behind DraftKings’ layoffs was to reduce general and administrative costs.
Underdog reduced its workforce by 20% in March amid a strategy shift toward prediction markets. Before the layoffs, Underdog employed just over 500 people nationwide.
PENN did not disclose its exact reasoning behind its job cuts. The layoffs impacted operations at theScore Bet after the early termination of its sports betting deal with ESPN.
