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Business

Paddy Power owner blames tax rises for plan to shed up to 1,400 jobs

The Guardian Business · 20 October 2026 at 15:24

Paddy Power owner blames tax rises for plan to shed up to 1,400 jobs

Flutter says one in 10 UK and Ireland workers at risk of redundancy because of a ‘material increase in betting and gaming duties’ Business live – latest updates The gambling company behind Paddy Power and SkyBet has announced up to 1,400 job cuts, blaming tax rises imposed by Rachel Reeves.

Flutter Entertainment revealed plans on Tuesday to restructure its UK and Ireland division, affecting staff in Leeds, Dublin and Sunderland.

Redundancies are also expected to hit offices in Porto in Portugal and Cluj-Napoca in Romania.

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