Personnel

Changes in FTE

The number of full-time employees (FTEs) fell significantly year-on-year by 342.6 to 2ʼ978 FTEs. This decline of –10.3% resulted from a combination of strategic disposals and targeted operational efficiency improvements, which led to a significant reduction in wages and salaries overall.

The inorganic reduction in FTEs resulted from disposals in 2024 (dreifive Group, Goldbach Austria and Heute in Austria).

FTE by segment

FTE movements in the year under review were dominated by the strategic realignment of the marketing organisations and targeted efficiency improvements.

TX Markets (JobCloud): In line with the subdued dynamics on the job market and the need to adapt cost structures to the market environment, JobCloud reduced FTEs by 19.

Goldbach: This segment recorded the most significant change, with a decline of 156 FTEs. This is primarily the result of the reintegration of the Tamedia and 20 Minuten advertising inventories as well as the consistent use of synergies in the central services department and technological platforms.

20 Minuten: FTE remained broadly stable, with a slight increase of 10. This reflected two opposing developments; while the reintegration of advertising sales led to expansion, this trend was offset by the announced discontinuation of the print edition and the standardisation of the language regions.

Tamedia: Contrary to the Group trend, Tamedia increased FTEs by 49, primarily driven by the reintegration of advertising sales. There were capacity adjustments in the core areas of paid media. The decline in the print area is due to the closure of the printing centre in Lausanne.

Group: FTEs here fell by 84, with around half of this reduction attributable to the transfer of FTEs from TX Services Belgrade to SMG Swiss Marketplace Group Holding AG. The remainder is due to decentralisation, synergy effects and operational efficiency improvements within the Group functions.

Medium-term trend in terms of FTE

The number of full-time employees (FTEs) fell over the period shown, with reduction accelerating in 2025.