https://layoffcheck.com/companies/better-collective Layoff and WARN notices reported for Better Collective. en-us https://layoffcheck.com/companies/better-collective#2024-11 https://layoffcheck.com/companies/better-collective#2024-11-545 Thu, 14 Nov 2024 12:00:00 GMT 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.