Gambling company bet365 has announced plans to cut 340 jobs at its base in Stoke-on-Trent, alongside wider reports of hundreds of UK redundancies across the business. If your role is affected by these proposals, it is important to understand the consultation process, statutory redundancy rights, and what to do if you are offered a settlement agreement under England and Wales employment law.
What has been announced
- On 8 September 2026, bet365 announced plans for 340 job losses at its operational base in Stoke-on-Trent.
- Wider reports indicate the business is cutting hundreds of UK jobs as bookmakers react to tax changes introduced by the government.
About the company
bet365 is a major company operating within the UK gambling and betting sector.
The business maintains a significant operational headquarters and base in Stoke-on-Trent.
What happens next
Because the proposed redundancies at Stoke-on-Trent involve 100 or more employees, UK employment law requires a collective consultation period of at least 45 days before any dismissals can take effect.
During collective consultation, employer representatives must consult with elected staff representatives or recognized trade union officials to explore ways of avoiding redundancies, reducing numbers, and mitigating consequences.
Employees placed at risk must also be invited to individual consultation meetings to discuss selection criteria, scoring, and suitable alternative employment opportunities within the company.
Employees with two or more years of continuous service who are made redundant are entitled to statutory redundancy pay, in addition to notice pay and accrued untaken holiday.
Voluntary or compulsory redundancy
Employers often invite applications for voluntary redundancy to reduce the need for compulsory job losses.
Voluntary redundancy packages may include terms above the statutory minimum, although the employer retains discretion over whether to accept any application.
Where compulsory redundancies are required, selection criteria must be objective, fair, and applied consistently across affected pools.
Your settlement agreement
In redundancy situations, employers may offer a settlement agreement, particularly if offering an enhanced redundancy payment.
A settlement agreement is a formal contract where you agree to waive employment-related claims against the employer in return for agreed financial terms.
To be legally binding in England and Wales, you must obtain independent legal advice from a qualified adviser, such as an employment solicitor. Employers usually make a financial contribution toward these legal fees.
Common questions
How many redundancies has bet365 announced?
bet365 has announced plans to cut 340 jobs at its site in Stoke-on-Trent, with separate reports stating that hundreds of UK jobs are being cut in total.
How long will the redundancy consultation last?
Under UK law, when an employer proposes 100 or more redundancies at one establishment within a 90-day period, collective consultation must last for at least 45 days before dismissals take effect.
Who qualifies for statutory redundancy pay?
You qualify for statutory redundancy pay if you have worked continuously for your employer for at least two years. The amount depends on your age, weekly pay up to the statutory cap, and full years of service.
Do I need independent legal advice for a settlement agreement?
Yes. Under employment law in England and Wales, a settlement agreement is only legally valid if you receive advice on its terms and effects from an independent qualified adviser, such as a solicitor.
How Deen & Co helps
Deen & Co Solicitors advises UK employees on redundancy processes, collective consultation rights, and selection fairness. We review and negotiate settlement agreements, provide the mandatory independent legal adviser certification, and ensure you receive your correct statutory and contractual entitlements.
Read more about settlement agreement advice or work out your statutory redundancy pay.
Sources
- Stoke-on-Trent based bet365 announces plans for 340 job losses - BBC — BBC (8 September 2026)
- Bet365 slashes hundreds of jobs in the UK as bookies reel from Labour's tax raid - This is Money — This is Money (8 September 2026)
Last updated 9 September 2026. This page summarises publicly reported information and is general guidance, not legal advice on your own situation.
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