RTL Deutschland Layoffs
1 day ago
Technology
Employees Affected
600
Industry Sector
Technology
Details
RTL Deutschland announced plans to eliminate approximately 600 full-time positions across its German operations, representing about 10% of the German workforce. The cuts are attributed to weakness in television advertising revenues and intensifying competition from streaming platforms. The company cited advertising revenue decline and the shift of spending toward digital platforms.
Source Information
Source: Reuters
