United Kingdom
Location of affected unit(s)
London and Stevenage
Arts / Entertainment
Arts, Entertainment And Culture
Gambling And Betting Activities
92.00 - Gambling and betting activities

350 jobs
Number of planned job losses
Job loss
Announcement Date
5 April 2016
Employment effect (start)
8 April 2016
Foreseen end date
8 April 2017


Bookmaker and gambling provider Paddy Power Betfair has announced plans to cut 350 jobs from its UK operations. The jobs will be lost from the London and Stevenage offices. A further 300 jobs are to be cut from the company's operations in Ireland, as savings of GBP 50 million (€61.2 million) are sought. A mixture of voluntary and compulsory redundancies are expected, though it is being reported that some people may be redeployed within the organisation. The job changes are expected to occur over the next nine to twelve months. 

Paddy Power bookmaker merged with online betting exchange Betfair in February 2016 and these job cuts are a result of the merger. 


  • 5 April 2016: BBC Website
  • 5 April 2016: The Telegraph


Eurofound (2016), Paddy Power Betfair, Merger/Acquisition in United Kingdom, factsheet number 86924, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86924.