Flutter weighs up to 1,400 job cuts across UK & Ireland

UK tax hikes could cost Flutter 16% of its UK & Ireland workforce.

The hit

Flutter Entertainment is reportedly considering cutting up to 1,400 jobs from its UK & Ireland business, according to GamblingNews. The cuts would hit staff in the UK, Ireland, Portugal, Romania & Malta, & could amount to 16% of the division’s 9,000-strong workforce.

Why it matters

Flutter CEO Kevin Harrington cited UK tax hikes as the reason for reducing costs, saying the company “cannot fully absorb a rise of this magnitude” without cuts. Harrington said Flutter remains confident it can still gain market share, citing its position as “the largest scale operator in the UK”.

The record

Rival cuts	Paddy Power, Betfred & Entain have also axed hundreds of jobs over UK tax hikes

What happens next

Watch for Flutter’s formal announcement on the scale & timing of any redundancies, & whether the UK government proceeds with an increase to machine games duty, which dozens of MPs reportedly back.

Sources: Up to 1,400 Jobs in Peril as Flutter Mulls Layoffs

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