Nepa Confirms Headcount Reduction Plan

Stockholm, Sweden-based brand tracking and consumer science specialist Nepa has launched a program to save around SEK 24m (c.$2.35m) in personnel and other external costs. The plan will potentially affect around 30 employees.

Nepa uses a hybrid of proprietary technology and expert local services, combining consumer feedback and behavioural data to help clients in more than 50 countries optimize customer experience and marketing investments. The firm, which also has offices in Copenhagen, Helsinki, London, Mumbai, New Delhi, and New York, employs 290 people globally.

Nepa's global cost savings program relates to existing business units and delivery support, as well as development and overhead functions. It is expected to result in a restructuring charge of SEK 8m (c.$784k) in the fourth quarter of 2022.

CEO Ulrich Boyer (pictured) comments: 'A transformation of the existing organization by the separation of sales and advisory will enable us to accelerate our journey towards scalable growth. We stand firm in our long-term strategy and anticipate sustainable long-term effects of accelerating this transformation. However, we are conscious about the fact that the initiated global cost savings program will affect some of our colleagues. We will do whatever we can to support them through this.'

Web site: www.nepa.com .