Tech & Biz

Slot Machine Maker IGT Laying Off About 500 Employees

by reno_fog | November 13, 2008 at 09:25 pm

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No industry or entertainment is immune... In Nevada gambling is the states life blood, we have exported it all over the USA and perhaps the world.
IGT is a major player in the gameing industry, and it too is in trouble

IGT Laying Off About 500 Employees

Posted: Nov 13, 2008 11:02 AM

Kellene Stockwell Channel 2 News
International Game Technology in south Reno is laying off about 500 employees over the next two days.

IGT is eliminating nearly 10% of its workforce, which amounts to about 500 jobs. About 200 of those jobs eliminated were done through early retirement packages.

The remaining jobs will be treated as layoffs. Those employees will be still paid through January 4th through severance packages.

IGT says it needs to be lean to stay in business right now. And cutting its workforce is just one of many moves its making to reduce its spending in the economic slump.

IGT employs about 5,400 workers worldwide, including 3,000 employees at its corporate headquarters in Reno.