DraftKings is laying off an unspecified number of its employees. The Boston Globe received a statement from the gambling operator on Tuesday about the decision to reorganize certain teams “to better align their people with the most important priorities and areas of investment.” It went on to say that the changes will eliminate certain roles within the company.
While the statement didn’t mention AI as a reason for the job losses, DraftKings CEO Jason Robins went on record in September that the Boston-based operator was looking to replace new hires with AI agents and to use the technology to reduce roles in other areas. DraftKings last announced significant layoffs in 2023 when it eliminated about 140 positions, nearly 4% of its workforce, during a period of wider tech cuts.
estimates that DraftKings could save about $30m per year by laying off 5% of workers
Citizens Equity Research analyst Jordan Bender estimates that DraftKings could save about $30m per year by laying off 5% of workers.
The operator is facing growing competition with the emergence of prediction markets like Kalshi. Its share price is down 47% over the past 12 months, largely due to concerns over lost market share to said prediction market companies. It launched its own prediction market platform in December in response.
While DraftKings’ revenue rose 43% year-on-year in Q4 2025, the forecast for 2026 revenue growth is lower at about 14%.
