'This was a difficult decision, but we are focused on repositioning the business for long-term success'
About 1,000 roles at Crown Resorts in Australia are being cut as part of a major restructure by the organisation amid economic challenges, according to reports.
The layoffs will mainly impact employees in Melbourne, 9News reported. There will also be cuts in Sydney and Perth.
Chief executive Ciaran Carruthers attributed the job cuts to softer economic challenges and gambling restrictions.
"The challenges at Crown reflect greatly reduced foreign tourism, a sharp decline in local workers in the city centres, and restrictions on gaming play in Sydney and Melbourne," Carruthers said as quoted by 9News.
"This was a difficult decision, but we are focused on repositioning the business for long-term success."
The chief executive also assured that the job cuts won't affect the company's compliance with regulatory obligations.
"We are committed to our regulatory obligations and ongoing transformation, including Crown PlaySafe, Melbourne and Sydney Transformation Plans and ongoing remediation in Perth," Carruthers said.
Last year, Crown Resorts also laid off nearly 100 employees in Sydney when it shuttered one of its gaming floors due to a drop in visitor numbers.
In its announcement, Crown Resorts join the growing list of employers across the world that are making job cuts this year, citing economic uncertainty, among other reasons.
