Around 220 Flutter Entertainment UK and Ireland (UKI) staff could be at risk of redundancy as part of the operator’s transition onto a single tech platform, EGR can reveal.
The staff, who are employed across product and tech, were informed of the decision today, 10 June. A consultation period has now commenced.
Redundancies are expected to take effect later this summer, with the vast majority of the headcount reduction earmarked for the operator’s Leeds HQ at 4 Wellington Place in the city.
The Leeds base is the hub for Flutter UKI, which as a unit within the group encompasses Sky Betting & Gaming, Paddy Power, Betfair and tombola.
EGR understands that some of the impacted roles could be switched to Flutter’s other tech hubs in the Romanian city of Cluj-Napoca and Porto in Portugal.
Cluj-Napoca is home to Betfair Romania Development, which oversees gaming, platform development, mobile and data warehouse, employing more than 2,000 staff.
Flutter’s Blip subsidiary operates out of Porto, which focuses on software engineering.
The single tech platform transition relates to migrating Sky Bet to the Paddy Power Betfair trading platform. This is expected to be completed by the end of Q2 2025.
The transition has been in the works since Flutter acquired The Stars Group in 2020. It is understood the shift has resulted in duplicate roles across the wider company.
Based on figures included in Flutter’s 2024 annual report, as of 31 December 2024, UKI staff accounted for 31.6% of total group headcount.
This equates to around 8,641 employees. In turn, the 220 potential redundancies would mean a 2.5% reduction in staff within the division.
A Flutter UKI spokesperson said: “As part of a broader strategy to bring some of our brands onto 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.”
In November 2024, Flutter announced a transition in its International division that saw UKI CEO Ian Brown depart at the end of December.
Brown was replaced by PokerStars CEO Kevin Harrington, with the UKI arm now sitting within the operator’s wider International division, headed up by CEO Dan Taylor.
Flutter’s US arm, which features online sports betting market leader FanDuel, represents the other side of the business.
UKI revenue for Q1 2025 amounted to $882m (£652m), up 2% from $861m in the first three months of 2024.
The Q1 performance meant the UKI brought in the most revenue of any of the other International regions, although it was some way behind the US’ revenue of $1.7bn.
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Operator says migration to single tech platform and the “backdrop of increasing cost and regulatory pressure” has led to a consultation period with employees
The post Exclusive: Around 220 Flutter UKI staff at risk of redundancy first appeared on EGR Intel.