Around 220 jobs under threat at Flutter Entertainment as company begins redundancy consultation
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.
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