Bragg Gaming Group has announced a second round of organizational restructuring, according to a company press release. The initiative includes a global workforce reduction of approximately 19 percent, aimed at streamlining operations and strengthening financial performance.
The newly implemented measures will concentrate resources on core technology, content, and platform development. Once fully integrated, the restructuring is projected to deliver €6m in additional annualized cash savings. This amount is separate from the €4.5m in yearly savings expected from the initial restructuring plan released on January 8, 2026. Combined, both phases are anticipated to yield approximately €10.5m in annualized cash savings.
Bragg expects to record around €0.6m in personnel termination expenses during the second half of 2026. These costs will be accounted for independently from the financial impact of the earlier restructuring. The company stated that the reduced organizational footprint will support its AI-First transformation strategy while maintaining focus on primary product lines.
Leadership Perspective
Matevž Mazij, chief executive officer, noted that the initial steps taken earlier this year required further refinement. "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," Mazij said. "These measures are designed to deliver focus, discipline, execution and cash generation." He added that the combined restructuring efforts position the company for industry consolidation as regulatory frameworks continue to develop.The January 2026 restructuring plan previously outlined the first phase of operational adjustments aimed at improving the company’s financial structure. Those earlier measures targeted specific departmental realignments before the current workforce reduction was introduced.