Broadcaster ProSiebenSat.1 lays off 430 employees
ProSiebenSat.1 Announces Major Restructuring to Adapt to Digital Media Industry Changes
In a bid to adapt to the profound structural change in the digital media industry and return to sustainable growth, ProSiebenSat.1 Media SE has announced a significant restructuring. This move is in response to the race for dominance in the digital media industry, as the company takes the next step in its digital transformation.
According to Bert Habets, Group CEO of ProSiebenSat.1, the company has a clear strategy and is implementing it consistently. The restructuring is aimed at streamlining the process structure, increasing cost efficiency, and improving competitiveness in the digital media area.
The restructuring will primarily affect the content production and distribution units, as well as the advertising and digital business areas within ProSiebenSat.1. These areas will be reorganised to improve efficiency and focus on growth areas in digital communication. However, specific details about the exact departments most impacted by these digital media restructurings were not found in the provided search results.
The job cuts announced by ProSiebenSat.1 are a difficult but necessary decision, according to Habets. Approximately 430 full-time positions will be reduced. The impact of the reduced material and personnel expenses will be visible in the second half of 2025 and is expected to amount to a mid double-digit million euro amount for the full year in the digital media communication sector.
The full-year effect of the restructuring will be realised in 2026 and amount to a high double-digit million euro amount in the digital media communication area. This significant investment is part of the company's commitment to its digital transformation and digital media communication.
A provision for restructuring in the mid to high double-digit million euro range will be recognised in the second quarter of 2025. ProSiebenSat.1 has already taken this into account in its financial outlook for the full year 2025, and no impact on the adjusted EBITDA and adjusted net income is expected from the restructuring expenses in the digital media communication sector.
Habets emphasized the importance of strengthening competitiveness and improving the cost structure for ProSiebenSat.1 in the digital media communication area. The new structure and planned measures at ProSiebenSat.1 will set the course for becoming faster, more efficient, and more digital, positioning the company for long-term success in the evolving digital media landscape.
Despite the challenging economic environment, ProSiebenSat.1 remains optimistic about its future in the digital media communication sector. The restructuring expenses will have no impact on the adjusted EBITDA and adjusted net income, and the company is confident that its strategic moves will help it navigate the challenging economic conditions and position it for sustainable growth in the digital media communication area.
