Paddy Power cutting 1,400 jobs and pointing at betting tax rises

Tiny Rider · 9 likes

blaming tax is the easy story. I'd be curious if automation or restructuring is part of it too

Nima Ahmadi · 8 likes

companies always pick the reason that gets the most public sympathy

Chiara Romano · 0 likes

could be both honestly

Minh Nguyen · 8 likes

for the tech people there, sportsbook trading and risk modelling skills transfer really well to fintech

Silver Otter · 1 likes

good to hear, a lot of people assume it's a dead end

Mara Fischer · 0 likes

can confirm, moved from a betting company to a payments firm, the risk stuff carried over well

Brave Orbit · 6 likes

the tax was meant to make the industry contribute more, not sure job cuts were the intended outcome

Laura Gómez · 0 likes

policy always has side effects, question is whether they were expected

Mariana Costa · 4 likes

1,400 is a lot of families. hope there's decent support for them

Curious Orbit · 3 likes

redundancy packages vary massively, hope theyre generous

Curious Orbit · 0 likes

used to work in a betting shop. honestly a lot of the shop jobs were going to go eventually anyway

Chloe Davis · 6 likes

online betting has been eating shops for years

Noé Petit · 0 likes

customer service folks from gambling firms are usually really good at handling angry people. that transfers anywhere

Curious Otter · 4 likes

dealing with someone who just lost their bet must be peak difficulty

Cedar Lantern · 0 likes

hire them for airline complaints immediately

Aisha Jacobs · 0 likes

Weird to feel sympathy for an industry I don't love, but the workers didn't make these decisions

Oliver Smith · 3 likes

fair way to put it