The Chief Executive Officer (CEO) of Bragg Gaming Group, Matevž Mazij, has stepped down from the company’s board after shareholders voted 55.67% against 44.33% to reject his...
Bragg Gaming announces laying off 19% of global workforce
Bragg Gaming has announced that it plans to terminate 19% of its global workforce in an effort to improve the company’s cost structure, which is expected to generate €6 million in annualized savings.
The decision is already the second round of layoffs conducted in 2026, with the first phase having been completed in January 2026, which cut the company’s workforce by 12%. According to Bragg, the two strategic restructures will produce €10.5 million in total cost savings.
CEO of Bragg Gaming, Matevž Mazij, commented:
“We believe that the steps we took at the start of the year were the right ones for the business, and today we are going further. These measures are designed to deliver focus, discipline, execution and cash generation. By combining a more focused organization with the acceleration of our AI-First transformation, we are structurally improving our costs while continuing to protect the technology, content, and people that drive our competitive advantage.”
In addition to the cost savings, Bragg also aims to strengthen its strategic focus and speed up the process of becoming a cash-generative business.
Mazij further added:
“The measures announced today build directly on the restructuring we announced in January and move us decisively toward sustained cash generation, leaving Bragg leaner, sharper and well positioned for growth and the market consolidation opportunities we see ahead as the industry further regulates.”
After the implementation of the measures in January 2026, Bragg’s stock value jumped by 30%; however, it has since dropped by 32% and currently sits at $1.86.
Bragg Gaming has shared its Q1 2026 earnings, reporting €25.7 million in quarterly revenue, representing a slight 0.6% improvement compared to 2025’s €25.5 million.
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