Bragg Gaming Group plans to reduce its workforce by 12% during the first quarter of 2026, at an anticipated cost of US$12m, including termination costs.
The company expects to save around $5.2m annually through the reduction in staff numbers and other restructuring measures.
Bragg recently announced a new initiative to utilise artificial intelligence, noting that the forecast cost saving does not include the expected positive impact of the technology on cost efficiency and operations.
Bragg say that the overhaul of the business’ structure centres around its plan to make it an AI-first company by 2027. It plans to ensure that AI-enhanced products become the standard for over 90% of its launches, with an expected three-quarters of its operational workflows utilising AI.
Matevz Mazij, Chief Executive, says: “We believe that we are in the enviable position of having great technologies, assets, people and future prospects.
“Nevertheless, given the increasingly complex regulatory compliance requirements, recent tax headwinds across key regions, emerging market opportunities, consolidation in the market and our increased focus on short-term profitability, we needed to take this step now of restructuring the company’s staffing.”
