DraftKings Announces Job Cuts Amid AI Integration and Market Competition

DraftKings is cutting jobs, as the sports betting giant tightens its belt amid growing competition from lightly regulated prediction markets . The Boston-based company, which employed 5,500 people across 13 countries at the end of 2025, declined to disclose how many jobs were eliminated or where.

The company is moving its office from the Back Bay to the financial district next year, though it’s planning to occupy roughly the same 125,000 square feet footprint of its current headquarters.

“DraftKings has decided to reorganize some teams to better align their people with the most important priorities and areas of investment for the company,” the company said in an emailed statement on Tuesday.

“Unfortunately, these changes will impact some roles across the organization.” FEATURED VIDEO Shares of Draftkings have lost 36 percent so far this year, even as the company’s revenues and profit continue to grow.

Investors are worried that DraftKings and its rivals such as FanDuel owner Flutter Entertainment will lose business to fast-growing prediction markets , which offer wagers on many sporting events and claim to be regulated by federal law, not state gambling restrictions.