Paddy Power owner Flutter cuts 1,400 jobs following tax increases

Flutter Entertainment is reducing its workforce by 1,400 roles as a direct response to higher betting taxes. The job cuts follow the government's decision in the last Budget to raise taxes on online casino and sports betting activities. The company cited these fiscal changes as the primary driver for the restructuring effort. Monitor further corporate announcements regarding operational costs and potential additional headcount reductions in the UK gambling sector.