Better Collective Layoffs
Industry Other · Location Copenhagen · Denmark · Subscribe (RSS)
Better Collective has 1 publicly reported layoff round on record (most recent November 14, 2024). A total of about 300 employees were affected across these rounds.
Layoff history
Better Collective announced in November 2024 that it would cut 300 employees, roughly 15% of its workforce, as weak organic growth and softening advertising activity in key markets weighed on results. The Danish sports betting media company reported organic decline of 5% in its publishing division and 9% in its paid media segment during Q3, despite overall revenue growing 8% on the back of acquisitions. Management reduced full-year guidance to revenue of 355-375 million euros and EBITDA of 100-110 million euros. CEO Jesper Søgaard said the changes leave Better Collective "a leaner organisation, poised to attack future opportunities and challenges head-on," while maintaining that the restructuring did not represent a shift in the company's fundamental business model. The affected markets appeared to be primarily the United States and Brazil. No severance details were disclosed.
Reason: Cost-cutting in response to organic revenue decline and reduced partner activity
Source: igbaffiliate.com
Data for Better Collective is compiled from public WARN Act filings and reporting linked above. See our methodology.