Entain Plans 500 Job Cuts Across Global Business

Entain plans to remove around 500 jobs worldwide as part of a wider cost programme led by new CFO Michael Snape. Most affected roles sit within central operations rather than betting shops.

Good to Know

• Finance, human resources, product and technology face most of the reductions.
• Entain said higher UK gambling tax did not directly cause the cuts.
• The group also plans to reduce its interest in Entain CEE.

Entain Reshapes Central Operations

The Ladbrokes and Coral owner said consultations with affected employees will continue over the coming months.

“As part of our ongoing focus on enhancing Entain’s operational efficiency and agility, we have begun implementing organisational changes which will regrettably impact a number of roles across the Group over the months ahead,” an Entain spokesperson said.

“These changes will help make Entain a stronger, better business and are a further demonstration of our strategic focus on maximising shareholder value. We are consulting with all those affected to support them during this process.”

Entain described the reductions as part of a long-term efficiency plan, not a direct response to recent increases in UK Remote Gambling Duty.

However, higher taxes, compliance spending and tighter online advertising rules continue to raise costs across regulated European gambling markets.

The workforce reduction follows other changes within the group. Entain announced the closure of 39 Ladbrokes shops in Ireland in April after reportedly ending talks over a sale of the full retail business.

Entain has also agreed to sell a 20% interest in Entain CEE to joint venture partner EMMA Capital.

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