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Flutter to cut 1,400 jobs after tax hikes

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Story summary
  • Flutter will cut up to 1,400 jobs in the United Kingdom and Ireland.
  • UK budget raised remote gaming duty to 40% and added a 25% online betting duty from April.
  • CEO Kevin Harrington said restructuring will cost $80-90 million to offset the tax rise.
  • The cuts affect staff in Leeds, Dublin, Porto and Cluj-Napoca.
  • The reductions represent roughly 15% of Flutter’s 9,000 UK and Ireland employees.