Flutter to Cut Up to 1,400 Jobs as UK Gambling Tax Hikes Force Restructuring

Flutter Entertainment (NYSE: FLUT) has announced plans to cut up to 1,400 jobs as it restructures its UK and Ireland business in response to sharp increases in British gambling taxes. Flutter is set to cut 1,400 jobs in the UK and Ireland. (Image: Flutter Entertainment) The operator confirmed the plans in a statement made to the markets on Tuesday (October 20). It said the restructuring will affect employees in Leeds and Dublin, as well as staff at its hubs in Porto, Portugal, and Cluj-Napoca, Romania. The redundancies would represent around 15% of Flutter's 9,000 employees in the UK and Ireland.