German media company ProSiebenSat.1 has announced plans to cut around 430 full-time positions as part of a strategic restructuring aimed at reducing costs and accelerating its digital transformation.
The redundancies, agreed upon with employee representatives, will be implemented through a voluntary redundancy programme. The company stated that this move is necessary to streamline its organisational structure, enhance efficiency, and adapt to the evolving media landscape.
In the second quarter of 2025, ProSiebenSat.1 will record a one-time restructuring charge in the mid to high double-digit million euro range. While this will impact net income and free cash flow, the company noted that adjusted EBITDA and adjusted net income will remain unaffected.
The financial benefits from reduced staff and material expenses are expected to become evident in the latter half of 2025, contributing mid double-digit million euro savings for the year. By 2026, the company anticipates annual savings reaching a high double-digit million euro amount.
“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,” said Bert Habets, Group CEO of ProSiebenSat.1.
“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,” added Habets.
