Swedish online betting giant NetEnt is looking to streamline operations to boost profitability which will see the company shedding 55 full time jobs.
The company is looking to move back to increasing game production, as 2018 has been quite light on new titles. Most of those losing their jobs will be from the firm's Stockholm headquarters, and will cost the company SEK 25 million, which will be non-recurring moving forward.
Speaking about the re-structuring NetEnt CEO Therese Hillman said, "By decentralizing our operations we take another step towards a new NetEnt, where customers and players are in focus. The new organization will have clearer responsibilities and more emphasis on value-creating initiatives. We are pleased to see the performance of our new game releases so far in the fourth quarter as we continue to diversify our game portfolio. Going forward, we increase the pace of output and expect to release 30 - 35 new games in 2019."