Ikea to lay off 850 people, 300 in Sweden

We need to be faster, have shorter decision-making paths and less complexity. What is on the periphery gets lower priority when we focus. As part of this, a number of employees are affected, says Henrik Elm, CFO at Inter IKEA Group, to the newspaper.

This is the third time in less than two months that the furniture giant has made cuts. In March, 945 employees were notified of layoffs and it was recently announced that the company is closing its department store in Borlänge. The locations that are now primarily affected by the latest announcement are Älmhult and Malmö, reports DI.