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Gambling.com Group: Layoffs
Gambling.com Group eliminated 25% of workforce (~150 staff) alongside Q1 earnings announcement. Company reported $1.2M loss on flat $40.4M revenue. New CEO Kevin McCrystle cited AI-driven restructuring with 80% of new engineering code now AI-generated, targeting $13M in annualized savings. Stock fell 45% post-announcement.
Source: BeInCrypto
The leadership read
Workforce moves like this mark the contracting side of the sector hiring conditions.
Market context: Backdrop: a 111.1 (Hot) Talent Market Index (up 5.2 on the month) with EMEA activity easing (-4.4pts).
Gambling.com Group: 1 signal in the last 90 days; 0.1% of MitchelLake's EMEA signal flow.
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