Schibsted ASA (SCHA/SCHB) - Schibsted ASA initiates organisational changes and cost measures18.6.2024 07:00:01 CEST | Schibsted | Inside information
Schibsted ASA (“Schibsted” or “Schibsted Marketplaces”) today announced the first steps to optimise costs and improve efficiency in the process of transforming into a more focused marketplaces company. On 24 June, Schibsted will enter into employee consultations regarding planned organisational changes that would reduce its workforce by an estimated 250 positions. In conjunction with the process to divest Schibsted’s news media operations, which was completed on 7 June, the company started an extensive review with regards to its future strategic direction and organisational setup for the remaining marketplaces company. That work is expected to be concluded in the fourth quarter 2024, but it is already clear that Schibsted Marketplaces will be focused on its four core verticals: Mobility, Real Estate, Jobs and Recommerce. Unlocking their full potential will require a simpler and more cost effective organisation. Christian Printzell Halvorsen, CEO of Schibsted Marketplaces, comments: “Af