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Schibsted layoffs: Norwey's online classified ads group to cut 250 jobs in cost drive

Schibsted layoffs: Schibsted recently divested its legacy news media business. It operates in Norway, Sweden, Denmark and Finland.

Published on: Jun 18, 2024, 11:43:25 IST
By HT News Desk
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Norwegian online classified ads group Schibsted said that it will cut around 250 jobs in the Nordic region as part of a restructuring plan to reduce costs and boost efficiency. Schibsted recently divested its legacy news media business and now operates online marketplaces for real estate, jobs, cars, travel and other services in Norway, Sweden, Denmark and Finland.

Read more: Crisis at Washington Post as future editor Robert Winnett accused of wrongful reporting

Schibsted layoffs: Schibsted operates online marketplaces for real estate, jobs, cars, travel and other services in Norway, Sweden, Denmark and Finland.
Schibsted layoffs: Schibsted operates online marketplaces for real estate, jobs, cars, travel and other services in Norway, Sweden, Denmark and Finland.

"We are now in a position to start taking decisive measures to improve our profitability as a more focused company, and to adjust to the macroeconomic environment," Schibsted Marketplaces CEO Christian Printzell Halvorsen said as per news agency Reuters.

"This is not a one-off, but rather the start of a journey of continuous improvement and cost focus," he added.

 
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HT News Desk

Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.

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