Merger Could Lead to £25 Million in Paddy Power and Betfair Job Cuts

Up to £25 million in Paddy Power and Betfair job cuts are likely to occur as a money-saving method for their proposed merger.

In UK gambling news, major Paddy Power and Betfair job cuts are looming. In order to yield savings of approximately £50 million from their merger, the companies are now seriously considering proceeding with £25 million in staff cuts.

The two sports betting operators confirmed in August that they’d agreed to a merge and to form a combined company that’ll be worth around £5.8 billion. As they move forward with the deal, however, they may have to make significant Paddy Power and Betfair job cuts in order to generate savings.

Thousands of people could be unemployed as a result of the Paddy Power and Betfair job cuts

While such major staff slashes are brutal, they do not go against UK gambling laws, and will likely occur. The savings on labour they’d make as a result of the Paddy Power and Betfair job cuts would make up half of the £50 million worth of annual expenditure reductions.

While savings would be good news for the two companies, the potential job cuts are terrible news for Paddy Power and Betfair employees. Paddy Power currently employs around 5,000 people, whereas Betfair has around 1,900 employees. Given these statistics, the number of people who will become unemployed as a result of the job cuts will be significant should they occur.