Business News

3 May 2026

Underdog announces layoffs

Layoffs at Underdog as focus shifts to prediction markets

Sports betting company Underdog has announced a major layoff, with 125 employees released from the company payroll, amounting to more than 20% of its total workforce. Initial reports on Monday had suggested around 30 people were let go, but staff from the company revealed the number was much higher than initially announced.

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