ProSiebenSat.1 faces major job cuts in shareholder turmoil

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According to a report, the Munich media group "ProSiebenSat.1" is planning a significant job reduction.

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ProSiebenSat.1 faces major job cuts in shareholder turmoil

German media company ProSiebenSat.1 is reportedly planning a significant round of job cuts. Around 500 positions are expected to be axed, reports German business magazine Manager Magazin, adding that ProSiebenSat.1 CEO Bert Habets will probably announce the cost-cutting measures during the company’s financial results press conference on 6 March 2025. The job reductions will primarily affect the television and streaming divisions, which currently…

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We love to dismiss you: The TV group ProSiebenSat.1 is facing another wave of savings, reports the "Manager Magazin" and writes that the future of Group CEO Bert Habets (photo) is uncertain. At the balance sheet press conference on March 6, Habets wants to delete "further roughly 500 jobs", about as much as before since its start in November 2022. The cut will hit the TV and streaming business decisively, where currently about 4,000 people work.…