Australian gambling firm Tabcorp lays off 10% workforce, AFR reports (updated)

Tabcorp Holdings

04/12/2024 07:21

(Updates with details from media report)
       Dec 4 (Reuters) - Australian betting and gambling firm
Tabcorp Holdings  TAH.AX  has laid off 10% of its workforce,
around 200 roles, to cut down on costs and simplify its
business, the Australian Financial Review reported on Wednesday,
citing company spokesperson.
    The Australian media outlet said the cuts are happening
across all divisions, including the media arm, but not in its
horse-racing broadcasting channel Sky Racing.
    Shares of the wagering firm ended 1.8% lower at A$0.276. 
    Tabcorp did not immediately respond to a Reuters request for
confirmation.

 (Reporting by Kumar Tanishk in Bengaluru; Editing by Rashmi
Aich and  Sherry Jacob-Phillips)
 ((Tanishk.Kumar@thomsonreuters.com;))