TLDR FanDuel laid off several hundred employees last week across software engineering, customer service, and business development This is the company’s third round of layoffs in under seven months The cuts may represent more than 5% of FanDuel’s roughly 5,000-person workforce Employees cited prediction markets, AI adoption, and economic uncertainty as key drivers FanDuel is not alone — Penn Entertainment, DraftKings, and others have also cut jobs in 2026
FanDuel has laid off several hundred employees, marking the third time the company has cut jobs in less than seven months.
Sources told Front Office Sports the cuts were described as “very widespread,” hitting teams across software engineering, customer service, and business development. Some long-time staff, including managers who joined during FanDuel’s early daily fantasy sports days, were among those let go.
FanDuel employs around 5,000 people. Losing several hundred workers could mean more than 5% of its total workforce gone in one move.
A FanDuel spokesperson confirmed the layoffs but did not say how many people were affected.
“FanDuel implemented organizational changes to ensure the company remains agile, focused, and well-positioned to capitalize on what lies ahead,” the statement read.
How the Layoffs Unfolded
Employees received calendar invites from managers the evening before the cuts. When they joined the calls, they found HR representatives waiting instead.
One former employee said, “As soon as I saw the HR person, I was like ‘oh god, here we go.’” Within an hour, access to laptops and internal systems was cut off.
Previous layoffs at FanDuel happened in November 2025. In March 2026, the company announced it would shut down its TV network over 20 months, a move that affected more than 100 workers.
Those impacted believe the decision was driven by rising competition from prediction markets, greater use of artificial