Germany’s ProSiebenSat.1 Group to Lay Off 400 Employees as Post Joyn Acquisition Realignment Continues
variety.comNaman Ramachandran German media giant ProSiebenSat.1 Group’s continuing realignment after it acquired streamer Joyn in 2022 will result in the loss of 400 jobs. “A realignment of the organization is now taking place, particularly in the entertainment segment.
The aim is to achieve a more efficient structure, a competitive cost base, and processes clearly geared to digital transformation.
This is a priority in order to continue investing consistently in the future of the group, especially in content and digital offerings,” the group said in a statement on Tuesday. “Against this background, also a reduction in the number of jobs in the group has become necessary: This will affect around 400 full-time positions.
The job cuts will be made in a socially responsible manner through a voluntary redundancy program in order to avoid compulsory redundancies as far as possible.
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