Casino operator MGM Resorts is sharpening its layoff axe as part of the company’s new plan to boost earnings by $300m by 2021.

On Thursday, MGM announced its new ‘MGM 2020’ plan, a transformation that the company expects will deliver “annualized Adjusted EBITDA uplift of $300 million in aggregate, consisting of $200 million by the end of 2020 and an additional $100 million by the end of 2021.”

This “company-wide, business-optimization initiative” is intended to maximize profits by, among other things, centralizing “key company-wide functions” and investing in technology to “lay the groundwork for the Company’s digital transformation to drive revenue growth.”

While this digital transformation is what MGM would like to spotlight, the company acknowledged that half of the additional $200m of earnings the company expects to achieve by the end of 2020 will come through “labor savings.”