FanDuel lays off staff after Eccles’ exit

Beleaguered daily fantasy sports (DFS) operator FanDuel has shown a number of its staff the door just weeks after its former chief executive officer, Nigel Eccles, said adieu.

It isn’t clear how many FanDuel workers have lost their jobs this month but the layoffs – particularly on the product development side of the company – appear set to continue going into the New Year. It’s the bitter pill FanDuel has to swallow to stay afloat.

A month before Eccles left the company, auditors warned that FanDuel had turned from a DFS giant into a flailing company after a series of financial missteps.

FanDuel remains embroiled in legal battles left and right, particularly in the United States, as it tries to convince each state to authorize DFS within their borders. At present, 18 states have enacted laws to regulate daily fantasy sports.