Catena Media, a company in the online marketing and affiliate industry, laid off 29 employees from its content production and marketing teams on October 23, 2024, with the cuts effective from November 1. This represents a streamlining effort as part of the company's transition to a "leaner, product-led organisation," aiming to flatten its structure and align more closely with product development goals. The layoffs, which will result in annual savings of approximately €2.2 million, were announced alongside preliminary Q3 2024 results showing a revenue decline. Severance costs for the affected employees are estimated at around €400,000. The move is part of a broader strategy to focus on core flagship products and diversify revenue streams amid financial restructuring.
