Schibsted slashes workforce

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Schibsted slashes workforce
Photo: Håkon Mosvold Larsen/NTB/TT

Norwegian Schibsted is to get rid of around 250 employees in Norway, Sweden, Denmark, and Finland, the company announces in a stock exchange notice.

The downsizing is part of a cost-cutting and efficiency programme to streamline Schibsted Marketplace after the company's split, where the media operations were divided into a separate company.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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