NetEnt is seeing the human price of a buyout, as hundreds of jobs are rumored to be cut following their acquisition by Evolution Gaming.

The Times of Malta has reported NetEnt’s Qormi studio has been shut down, and employees were told to wait at home and expect an email about what their future holds. Now, Jake Evans of EGR Intel reports that as many as 500 of NetEnt’s 1000 staff have been laid off.

Multiple reports coming in of Evolution making 300-500 NetEnt employees redundant within 10 minutes of their first meeting as parent company yesterday. Evo immediately switched off NetEnt Live services, despite the games still being live with several operator clients.

— Jake Evans (@JakeACEvans) December 2, 2020https://platform.twitter.com/widgets.js