Playtika Layoffs
December 2022
Playtika announced a layoff affecting 600 employees (15% of its workforce) in December 2022. The company operates in the Consumer sector.
600
15%
Dec 9, 2022
About
Israeli mobile gaming company Playtika is laying off approximately 600 employees, representing 12% to 15% of its global workforce of 4,100, as part of a second round of downsizing in 2022. This includes 180 layoffs in Israel. The company, which expanded significantly during the pandemic, is now restructuring amid challenges in maintaining growth post-Covid, with its casino game revenues declining and share price dropping 54% since the start of the year. The layoffs were reported in December 2022, following an earlier round in June, as Playtika aims to streamline operations despite remaining profitable and cash-rich.
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