iGaming software provider Derivco slashes jobs in South Africa amid global restructure
Software giant begins fresh round of layoffs with voluntary retrenchments offered under tight deadlines.
South Africa.- South African-based igaming software provider Derivco is cutting its workforce, marking the second wave of retrenchments in under a year. The company, which develops gaming software for the global online gambling market, has confirmed it is downsizing staff across multiple local and international offices as part of a sweeping global restructuring effort.
Derivco, which employs roughly 2,000 people across its South African offices in Cape Town, Pretoria and Durban, is not yet revealing exactly how many staff will be let go as the retrenchment process unfolds, according to the AGBrief publication.
The company recently offered voluntary retrenchment packages to staff in its South African offices, reportedly with just 24 hours’ notice.
“Derivco confirms it has initiated a process to restructure its business operations as part of a broader effort to streamline its activities globally,” a spokesperson said, according to MyBroadband.
“This necessary step is being taken in response to ongoing shifts in the technology landscape, and to ensure our business remains agile, efficient and positioned for long-term success.”
The company insists it is ticking all the legal boxes and promises to stand by affected employees, at least until the final log out screen appears.
This move comes only months after Derivco issued retrenchment notices to more than 500 global employees in August 2024. While it aimed to reduce that number to under 300, South Africa was also impacted, with then-CEO Quraish Behari stating that 38 local jobs were affected. Behari has since been succeeded by Andrew Slabbert.
Global job cuts
The latest round of cuts also stretches beyond South Africa. Derivco’s Isle of Man operation, which employs about 140 people, has entered a 30-day consultation period after staff were informed of pending layoffs on June 10. Reports suggest up to half of those jobs may be on the chopping block.
Derivco’s reach stretches from the UK to Sweden, Spain to Malta, all the way to Australia, Hong Kong and the US, firmly planting it among the big players in gaming software. But the company is wrestling with rising economic pressures and the ever changing demands of tech, forcing some tough budget trimming.
These cuts come just months after Derivco scored a solid third place in Analytico’s 2025 Business Technology Survey, with 13 per cent of IT execs naming it their go-to for major projects, a clear sign of growing trust in the brand.
