Pocket Kings has initiated a process of laying off 180 workers from the company's headquarters in Dublin, Ireland. The company is citing restructuring as the reason behind the massive layoffs.
Workers at Pocket Kings headquarters in Dublin, Ireland, are now feeling the consequences of the company's troubles, with as much as 180 workers facing redundancy, The Irish Times
Pocket Kings, which provides software, information technology, management, and customer support services for Full Tilt Poker, normally employs around 500 workers in Dublin, but as a result of the layoffs, more than one third of these will now lose their jobs.
The company began informing its employees about the process on Wednesday, following up on an earlier warning from September, in which it was revealed that up 250 workers would be made redundant.
According to the Irish Times, workers said that Pocket Kings has cited restructuring as a result of the loss of U.S. and European revenues as the reason behind the layoffs.
All workers have been offered statutory redundancy, sources said.
The layoff, however, does not come as a surprise given the radical developments in Full Tilt Poker management and the attached sister company, Pocket Kings.
Following the revocation of Full Tilt Poker's license by the Alderney Gaming Control Commission last month, the site has yet to make any announcements with regards to its immediate future.
Groupe Bernard Tapie is still reported to be in the process of finalizing its acquisition of Full Tilt Poker and all of its assets, but the outcome of this process, too, remains unclear.
A spokes-person for the Dublin-based staff had no comments, as well Pocket Kings management has yet to comment to the latest cuts.