Flutter Entertainment is implementing significant job cuts, eliminating up to 1,400 positions within its UK and Ireland operations. This decision stems from a substantial increase in British gaming taxes, which have drastically altered the financial landscape of the regulated betting industry. The company stated that these reductions are necessary to restructure the business and adapt to the new economic realities. These layoffs represent nearly 16% of the workforce in the affected regions. Flutter anticipates that this restructuring will incur costs between $80 million and $90 million in the fourth quarter of 2026.
https://www.reuters.com/business/world-at-work/betting-giant-flutter-cut-up-1400-jobs-2026-10-20/