Aristocrat stands down, lays off a total of 1,200 employees

Aristocrat Leisure announced on Monday that it would be standing down approximately 1,000 of its roughly 4,000 staff members, principally in its land-based sales, service, and manufacturing operations, and furthermore laying off about 200 staff “reflecting changed priorities.”

The company statement explained, “Since mid-March 2020, almost all of Aristocrat’s land-based customers globally have suspended operations. While highly uncertain, at this stage Aristocrat anticipates that venue reopenings will take place on a phased basis, with a gradual ramping up of gaming floors in line with improvements in consumer confidence and the wind back of social distancing and travel limitations over time.”

However, the firm also noted that they have recently “derived approximately 40% of total group revenues from the digital business. This business has continued to perform strongly over recent months, with higher bookings and player engagement evident across most of the portfolio.”

Aristocrat CEO & Managing Director, Trevor Croker, stated, “We are very sensitive to the impact of necessary cost reduction measures on our people, and will work hard to support them through this difficult time consistent with our ‘people first’ approach. We believe that these changes will help maximize opportunities for Aristocrat’s dedicated and talented people over the longer term. We will continue to do everything we can to restore momentum in our land-based business as quickly as possible recognizing the importance of continuing to develop and deliver game content during this period.”

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