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As many as 220 jobs are at risk in Flutter Entertainment's UK and Ireland division, as the gambling industry giant transfers its brands on to a single tech platform. The company said the move came against the backdrop of increasing costs and regulatory pressure.
The vast majority of the redundancies are set to come from Flutter's tech and product team and mainly at the company's Wellington Place headquarters in Leeds, although a handful of jobs are also set to be lost in Dublin.
Flutter is in the process of moving Sky Bet to the Paddy Power Betfair platform. A spokesperson for Flutter UKI said: "As part of a broader strategy to bring some of our brands on to a single tech platform – and against the backdrop of increasing cost and regulatory pressure – we have entered into consultation with a number of colleagues.
"While we are working with those affected to explore redeployment opportunities wherever possible, it is likely that some roles will regrettably become redundant later this year."
Flutter's UK and Ireland region was the second largest within the group in the first quarter of the year, producing revenue of $882 million (approx £653m/€770m), although some way behind the $1.7 billion generated in the US.
According to Flutter's annual report for 2024, the company employs 27,345 people worldwide with 31.6 per cent, or around 8,640, in the UK and Ireland.
The vast majority of the redundancies are set to come from Flutter's tech and product team and mainly at the company's Wellington Place headquarters in Leeds, although a handful of jobs are also set to be lost in Dublin.
Flutter is in the process of moving Sky Bet to the Paddy Power Betfair platform. A spokesperson for Flutter UKI said: "As part of a broader strategy to bring some of our brands on to a single tech platform – and against the backdrop of increasing cost and regulatory pressure – we have entered into consultation with a number of colleagues.
"While we are working with those affected to explore redeployment opportunities wherever possible, it is likely that some roles will regrettably become redundant later this year."
Flutter's UK and Ireland region was the second largest within the group in the first quarter of the year, producing revenue of $882 million (approx £653m/€770m), although some way behind the $1.7 billion generated in the US.
According to Flutter's annual report for 2024, the company employs 27,345 people worldwide with 31.6 per cent, or around 8,640, in the UK and Ireland.
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https://careers.flutteruki.com/blog/news/flutter-uki-bets-on-ai-and-automation/
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Flutter: 250 jobs set to be cut in Leeds as betting giant cites increasing costs and regulatory pressure
Betting giant Flutter is set to cut over 200 jobs in Leeds as part of a string of redundancies in the UK and Ireland. The Paddy Power and Betfair owner said that it had entered into a consultation with a number of colleagues on job cuts, citing regulatory pressures and increasing costs as reasons for the decision. |
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First casualty was the fella that re-opens the market for photos/stewards.
 The UK has long ago stopped being their focus, but a nice play to blame it on "regulatory pressures" when in reality all eyes have been on the potential prize in the US (long before the regulator finally started doing it's job). |
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Tough times for the Suspend Monkeys.
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Jobs hanging by a thread
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Flutter is in the process of moving Sky Bet to the Paddy Power Betfair platform.
If only there was a Monopolies Commission to ensure this sort of market control wouldn't be permitted... |
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the company employs 27,345 people worldwide if only they would take a bet.
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Australia forced all the UK Firms that bet over there to take bets or lose their licences.
It could be done here but looks a million to one to do so |
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i guess one of the main reasons is their stronger democracy their PM joined the Labor Party as a student and later worked as a party official and research officer before entering Parliament. Not an ex-banker or ex-lawyer like we nearly always have here now, probably the most self-serving useless careers you could hope for in leaders with substance and a feeling of a duty of care to their public especially in a technological age.
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