layoff.today logo

layoff.today

Latest news about company layoffs and workforce reductions

Back to Layoff News

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