Penn lays off about 100 employees as it focuses on ESPNBet growth
PENNPENN(PENN) CNBC·2024-07-18 22:46

The ESPN Bet app on a smartphone arranged in New York, US, on Thursday, Feb. 22, 2024.Penn Entertainment will lay off about 100 employees as it focuses on growth for ESPNBet.CEO Jay Snowden told staff members in an internal email that the changes will enhance operational efficiencies following its 2021 acquisition of Canadian media and gaming powerhouse theScore.The company employs about 20,000 people. "When PENN acquired theScore, we hit the ground running with the build-out of our proprietary tech stack a ...