Flutter Entertainment Enters Restructuring Plan For Its UK & Ireland Operations With Headcount Reduction Of Up To 1.4K And Aggregate Pre-Tax Charges Of ~$80M-$90M

Flutter Entertainment plc has announced a restructuring plan for its UK and Ireland operations, which will involve a headcount reduction of up to 1,400 employees. The company anticipates incurring pre-tax charges of approximately $80 to $90 million, primarily related to employee severance and benefits. This restructuring is part of Flutter's strategy to address the impact of rising UK gaming taxes and is expected to be largely completed by the end of 2026.