The Stars Group has announced that it will implement changes at its PokerStars headquarters in Isle of Man, including the cut of jobs.
Isle of Man.- PokerStars has announced that it will cut the number of jobs at its Isle of Man headquarters. The company informed its staff, although it did not inform the number of jobs that will be cut.
Parent company The Stars Group says that Isle of Man will continue to be a critical operational hub for them. A spokesman for The Stars Group said: “As we’ve previously noted, our international segment (PokerStars) has faced many headwinds over the last year, including disruptions in our key markets.”
He added that as a result, they are pursuing operational initiatives, including cost-optimisation initiatives as they’ve done in the past. This is to reassess the fixed cost base and realign costs with the company’s global growth strategy.
“We believe the proposed reductions in headcount on the Isle of Man are a component of our overall plans to position us to deliver our mid-term growth targets and long-term sustainable growth.”
“Apart from the personal impact on affected individuals, today’s news will have little foreseeable impact on our overall operations in the Isle of Man, which has always been a critical operational hub for the company and will remain so,” he added.