- Paris-listed payments firm Worldline plans to cut its global workforce by approximately 8%, resulting in the termination of around 1,400 positions.
- The initiative, part of the company’s “post-integration transformation ambition” named Power24, aims to achieve €200 million in run-rate cost savings by 2025.
- This move follows a macroeconomic slowdown and a shift in consumer spending patterns, impacting the company’s core markets and profitability.
- The planned transformation is expected to deliver approximately €200 million in run-rate cash cost savings from 2025, with implementation costs estimated at around €250 million.
- Worldline aims to become more agile and boost its growth potential through these changes.
Worldline to cut workforce by 8% with €200m cost-saving initiative Power24
