{"id":20602,"date":"2026-05-18T13:13:42","date_gmt":"2026-05-18T13:13:42","guid":{"rendered":"https:\/\/jobuzo.com\/en\/ikea-franchiser-slashes-850-jobs-in-cost-cutting-drive-as-consumer-spending-falls\/"},"modified":"2026-05-18T13:13:42","modified_gmt":"2026-05-18T13:13:42","slug":"ikea-franchiser-slashes-850-jobs-in-cost-cutting-drive-as-consumer-spending-falls","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/ikea-franchiser-slashes-850-jobs-in-cost-cutting-drive-as-consumer-spending-falls\/","title":{"rendered":"Ikea franchiser slashes 850 jobs in cost-cutting drive as consumer spending falls"},"content":{"rendered":"
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LONDON — Inter IKEA, which franchises the Swedish budget home furniture brand in 63 countries, is laying off 850 workers in a cost-cutting drive as consumer demand falls and the blue big-box retailer works to become more efficient and bring down prices.<\/p>\n

The vast company manages the sourcing of IKEA products from factories around the world and supplies 13 franchisees operating Ikea stores. <\/p>\n

It has been squeezed by rising costs and US tariffs, and is in the midst of a strategic shift from big suburban warehouse stores to more smaller city-centre locations as it tries to draw shoppers back in.<\/p>\n

“We need to become faster, shorten the decision-making processes, and simply concentrate our efforts on these priorities,” Inter Ikea Chief Financial Officer Henrik Elm told Reuters in an interview.<\/p>\n

Iran war has ‘accelerated’ consumer confidence decline<\/h2>\n

Both Inter IKEA and its biggest franchisee Ingka Group, which owns most IKEA outlets worldwide, changed CEOs late last year after IKEA reported its second consecutive year of declining sales.<\/p>\n

Ingka also announced plans in March to cut 800 jobs from its office-based workforce.<\/p>\n

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Elm said declines in consumer confidence, already falling for a long time, had been “accelerated” by the Iran war. <\/p>\n

The conflict has driven fuel prices up sharply, hurting household budgets and sapping consumers’ willingness to spend on non-essentials like a home renovation or new sofa.<\/p>\n

“In times when consumer confidence is very much affected, the disposable incomes are really going down for many, especially the consumers we want to reach,” said Elm.<\/p>\n

“Our ability to lower the prices so they can afford Ikea is more essential than ever before, and of course you can’t achieve that if you have too high a cost base,” he added.<\/p>\n

The 850 affected roles include 300 job cuts in Sweden, home to one of Inter Ikea’s main hubs in Almhult, where Ikea was founded in 1943. <\/p>\n

The cuts represent around three per cent of Inter Ikea’s 27,500 employees.<\/p>\n

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[[nid:736070]]<\/p>\n<\/div>\n

Ikea franchiser slashes 850 jobs in cost-cutting drive as consumer spending falls<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

LONDON — Inter IKEA, which franchises the Swedish budget home furniture brand in 63 countries, is laying off 850 workers in a cost-cutting drive as consumer demand falls and the blue big-box retailer works to become more efficient and bring down prices. The vast company manages the sourcing of IKEA products from factories around the…<\/p>\n

Read More “Ikea franchiser slashes 850 jobs in cost-cutting drive as consumer spending falls”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":20603,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/20602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=20602"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/20602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/20603"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=20602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=20602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=20602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}