Entain begins restructuring with 500 job cuts as tax pressures mount

Entain is moving ahead with organizational changes that will lead to about 500 job losses as the Ladbrokes and Coral owner pushes to streamline its operations. The company confirmed the restructuring to ReadWrite, saying a number of positions across the group will be affected over the coming months as it reshapes the business. NEW: @EntainGroup confirms to @RWW it plans to cut around 500 jobs of its global workforce as the gambling industry grapples with higher UK taxes.