Underdog faces layoffs regulatory pressure and strategic business pivot

Fantasy sports betting firm Underdog, which once boasted hundreds of millions in venture backing and a unicorn valuation, appears to be going through a rocky stretch. In the past week, the business has cut a significant portion of its workforce, reworking parts of its product strategy, as it deals with mounting scrutiny from regulators in several states.

Former Underdog employees speak out after widespread job cuts

Current and former staffers have turned to LinkedIn to share that they were swept up in the layoffs.