Better Collective, a sports media and betting affiliate company, laid off over 300 employees after Q3 2024, representing approximately 15% of its total workforce. The job cuts are part of a broader €50 million cost-reduction initiative, announced in October, which also included lowered full-year revenue and EBITDA estimates. This restructuring aims to create a leaner organization amid challenges such as organic growth decline in its publishing and paid media segments, particularly due to reduced partner activity in the US and a slowdown in Brazil. Despite these cuts, CEO Jesper Søgaard emphasized the company's commitment to its existing business model, citing continued growth potential in the industry.
