Swedish online gambling operator Betsson AB is trimming around 160 staff as part of an efficiency push.

On Monday, Betsson announced that it had decided to “restructure and streamline the organization with the ambition to make it more efficient.” The announcement suggested this would involve reducing Betsson’s total staff headcount by approximately 160 positions.

The Times of Malta reported that 130 of the affected staff are based out of Betsson’s Malta offices, and that pink slips were being issued on Monday. Prior to the cull, Betsson’s total Malta payroll was over 1,100 staffers.

The company expects annual savings stemming from this restructuring will come in between SEK50-60m (US$6.3m-7.6m). The short-term costs of this move will be revealed when Betsson delivers its Q1 2018 earnings report.