A closer look at “Flutter Entertainment to Cut Up to 1,400 Jobs, Blaming Rachel Reeves' Tax Rises”, exactly as the source publishes it. Flutter Entertainment, the parent company of Paddy Power and Sky Bet, announced plans to cut up to 1,400 jobs, citing a 'material increase in betting and gaming duties' following tax rises introduced by UK Chancellor Rachel Reeves. The restructuring will affect its UK and Ireland division, with redundancies expected in Leeds, Dublin, and Sunderland, as well as offices in Porto, Portugal, and Cluj-Napoca, Romania. Roughly one in 10 employees in the UK and Ireland are at risk.
The company says the higher taxes have made the current structure unsustainable, forcing it to streamline operations. The job losses come as the gambling industry faces increased regulatory and fiscal pressure, with the UK government seeking to raise revenue from the sector. This listing links straight to the original page, where the content is available in full.