Episode Details

International Game Technology, a Nevada gaming veteran, is reducing its global workforce by 700 jobs as part of a strategic restructuring. CEO Hector Fernandez announced the move, emphasizing its not performance-based but aimed at aligning resources with business goals and streamlining operations for growth. The company, founded in Reno in 1975, has a history of highs and lows, including the six billion dollar merger with Everi Holdings and Apollos acquisition of its gaming operations. Fernandez assures this is the final round of workforce reductions, setting the stage for IGTs long-term success.

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