LiveScore Group has announced that it will undergo an internal restructuring process which is expected to impact over 100 existing roles across multiple business locations, including London.
Described as a “difficult yet important step”, the group – which operates LiveScore, LiveScore Bet and Virgin Bet – said in a statement that the changes will “create improved structures and a pathway to long-term sustainable growth”.
The news follows LiveScore announcing earlier this month the withdrawal of LiveScore Bet operations from the Netherlands market due to the Dutch Government’s planned gambling tax increase.
The group said that the restructuring process includes those impacted by this market exit.
LiveScore stated that “all impacted employees have been informed and are now subject to a confidential consultation process”.
In addition, the group noted that there will be “no other customer impact in respect of any of the remaining LiveScore, LiveScore Bet or Virgin Bet sites globally”.
Sam Sadi, CEO of LiveScore Group, said: “On behalf of all Directors of LiveScore Group, and the relevant subsidiary companies, we are saddened by the difficult decision to commence an internal restructure of the business, a process which impacts a significant number of our people.
“Whilst we celebrate our recent period of significant and exciting growth, we must now future-proof the organisation and ensure our internal structures allow us to achieve long-term and sustainable success.
“This is a hard time for all our people, as we say goodbye to colleagues who have played an important role in our journey across recent years.”