August 4，188bet Online Sports Betting and Casinocom announced that it will be reorganized，Reducing 25% of global workforce，Estimated number of people is about 4,300。

Parent company 188bet Online Sports Betting and Casino Holdings and 188bet Online Sports Betting and Casinocom CEO Glenn Fogel wrote in a statement to employees: "In my heart，I never want this to happen。From the beginning，We will work hard to protect employees’ employment。However，Nothing can lessen the impact this crisis has already had，The epidemic will continue to cause damage to the tourism industry and our business。”

The company stated，The layoffs are expected to be consistent with the company’s expectations for the future of 188bet Online Sports Betting and Casino。

188bet Online Sports Betting and Casino based in Amsterdam.com is the largest brand in 188bet Online Sports Betting and Casino Holdings’ portfolio，Has approximately 1 in more than 200 offices around the world.750,000 employees，Business coverage in more than 65 countries。But it refused to disclose how many employees would be laid off，Because this number depends to a certain extent on its negotiations with the Dutch Works Council，and the laws of jurisdictions around the world。

In a financial document dated August 5，188bet Online Sports Betting and Casino Holdings says: “The company hopes to finalize its layoff plans，And issue relevant announcements to employees by country，The first batch of layoff announcements will be issued starting in September 2020，All announcements are expected to be completed by the end of 2020。”188bet Online Sports Betting and Casino Holdings said，Because some countries need to go through consultation procedures，It is not possible to estimate the related costs yet。

The parent company 188bet Online Sports Betting and Casino Holdings is headquartered in Connecticut, USA，As of the end of 2019，This company has 2.640,000 employees。But its Kayak and OpenTable brands laid off about 400 employees in April，Singapore’s sister company Agoda laid off about 1,500 employees in May。

Competitors implemented layoffs a few months ago。In February before the outbreak，Expedia Group lays off nearly 2,900 employees；April，Tripadvisor lays off a quarter of its staff，Over 900 employees laid off；May，Airbnb also laid off 25% of its staff，About 1 layoffs,900 people。

188bet Online Sports Betting and Casinocom relies heavily on its hotel business，During the epidemic，This business has been hit hard。a few months ago，188bet Online Sports Betting and Casinocom received a round of bailout funds from the Dutch government，The company was trying to finalize a long-term plan to avoid layoffs。But because the company realizes that layoffs are inevitable，Therefore did not continue to apply for government assistance。