Paddy Power employees feel the brunt of the $7.4B merger

Paddy Power employees are now paying the steep price for the giant bookmaker’s £5 billion ($7.4 billion) marriage with Betfair.

The latest casualty of the Paddy Power – Betfair merger was its office in Isle of Man, where its office staff were told of the redundancies. At least 10 jobs were affected during the opening salvo of job cuts in the Isle of Man, according to the Isle of Man Examiner.

Operations of Paddy Power in the Isle of Man will be transferred to Malta as part of its plan to trim nearly 10 percent of its workforce following last year’s merger of the two giant bookmakers.

Closer to home, Paddy Power has let go of some of the members of its marketing team, with one employee describing the job losses to UK marketing news source Campaign Live as a “clearout.”