ProSiebenSat1 has announced it is cutting 430 jobs.
In a statement released this morning, the German broadcaster said a reduction of approximately 430 full-time positions was necessary to “streamline the process structure and increase cost efficiency” as it aims to take the next steps in its digital transformation.
The company has recently been the subject of a €1.3 billion takeover bid made by the Berlusconi family-owned MediaForEurope, as it pursues its goal to create a pan-European media group.
ProSiebenSat said the job cuts will be carried out in a “socially responsible manner” with a voluntary redundancy programme agreed with employee representatives. The company added that the impact of the reductions will be visible in the second half of the year, with the full-year effect realised in 2026 and amounting to an expected mid double-digit million Euro value.
Bert Habets, group CEO of ProSiebenSat.1 Media SE, said: “We have a clear strategy and are implementing it consistently. At the same time, the economic environment remains very challenging for us. This makes it all the more important that we continually strengthen our competitiveness and improve our cost structure. Against this backdrop, the announced job cuts are a difficult but necessary decision.
“In order to adapt to the profound structural change in the media industry and return to sustainable growth, we must become even faster, more efficient, and more digital. With our new structure and the planned measures, we are setting the course for this.”
