Internet company: United Internet cuts around 800 jobs at subsidiaries
Numerous employees at 1&1 and Ionos are losing their jobs as part of the restructuring. €55 million are to be saved annually as a result.
United Internet is cutting around 800 jobs at its subsidiaries 1&1 and Ionos as part of restructuring programs aimed at strengthening its competitiveness and future viability. The measures will result in a one-time expense of approximately €95 million this year, but are expected to yield annual savings of around €55 million. At 1&1, the business customer division 1&1 Versatel will be reduced from 1350 to 1000 full-time employees, with the goal of simplifying leadership structures and reducing hierarchy levels.
The company expects the restructuring to have a positive impact of around €25 million per year starting from 2028.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
