Bet365 to Cut Around 340 Jobs Amid Rising UK Costs
Bet365 has confirmed plans to cut around 340 jobs as the operator faces higher gambling taxes, regulatory costs and a challenging trading environment.
The reductions represent about 3% of the company’s workforce. The affected roles are spread across Bet365 offices in Stoke-on-Trent, Malta and Gibraltar.
The company linked the decision to increased regulatory and tax-related costs, as well as strong competition in the market.
A Bet365 spokesperson stated:
We are committed to minimising the impact on our people and are exploring all avenues to reduce the number of redundancies.
Bet365 plans to begin with a voluntary redundancy programme and said affected employees are being supported during the process.
Bet365 plans to begin with a voluntary redundancy programme and said affected employees are being supported during the process.
Other UK operators have also announced cuts. William Hill plans to close around 200 betting shops, while Betfred recently announced the closure of 132 locations and more than 600 job losses.
