The world’s largest slot machine producer, which is conveniently located near Las Vegas, is planning to cut more than 50 jobs at its Reno headquarters. Click here to learn more about Reno jobs.

International Game Technology recently announced that it will layoff 55 more workers in an attempt to adjust to the current recession. The company is cutting about 161 jobs throughout the world, and Reno accounts for about 35 percent of them.

Near the end of last year, IGT cut 300 jobs in Reno and 500 jobs globally. The company then cut another 200 positions in January, most of those in Reno. Unfortunately for residents in Reno and the surrounding area, IGT is one of the largest private employers in Washoe County.

According to a JP Morgan report on IGT released last month, the company has $100 million in expenses and plans to cut another $100 million during the 2010 fiscal year.

According to an article by the Reno Gazette-Journal, several gaming analysts have said casinos are not investing in new machines because of the current economy. On top of that, Bally Technologies Inc. and WMS Industries Inc. have begun to take away some of IGT’s business.

Looking ahead, IGT will have about 60 percent of the floor space at CityCenter’s Aria casino, which plans to open later this year and install 2,000 gaming machines.