Media Giant Consolidates Departments, Plans Job Cuts to Boost Investment
A major media group is restructuring its operations, aiming to consolidate service and IT departments into a single central division, 'pd.Service & Technology'. This move comes amidst intense economic pressure on regional journalism in Bavaria and plans to reduce jobs through natural turnover.
The media group, which generates around 50 million visits and 80 million page views per month on its digital news portals, and reaches 1.3 million readers daily with a print circulation of 450,000 copies, will establish 'pd.Service & Technology' by January 1, 2026. This new division will encompass IT, Finance & Controlling, HR, Procurement & Sustainability, and Legal & Compliance, employing approximately 300 staff across the group.
The group's CEO, Axel Wüstmann, who took up his post in the second quarter of 2025, has initiated these changes. He considers job cuts essential to boost investment capacity. The group plans to reduce jobs through natural turnover and early involvement of employee representatives, adding to the challenges faced by regional journalism in Bavaria.
The media group's 'Group Formation and Efficiency Program' aims to consolidate service and IT departments, creating a new central division. This move, along with planned job cuts, is part of the CEO's strategy to increase investment capacity. The group, with annual revenue of roughly €450 million, continues to navigate the economic pressures facing regional journalism.
Read also:
- American teenagers taking up farming roles previously filled by immigrants, a concept revisited from 1965's labor market shift.
- Weekly affairs in the German Federal Parliament (Bundestag)
- Landslide claims seven lives, injures six individuals while they work to restore a water channel in the northern region of Pakistan
- Escalating conflict in Sudan has prompted the United Nations to announce a critical gender crisis, highlighting the disproportionate impact of the ongoing violence on women and girls.
