Otto Group Announces Nearly 460 Job Cuts in Hamburg

Hamburg, Germany – Online retailer Otto Group is planning to reduce its workforce by almost 460 full-time positions, primarily at its Hamburg location, the company announced on Thursday. The cuts will affect departments including marketing, controlling, and technology, as first reported by the Hamburger Abendblatt.

Restructuring and Cost Reduction

The decision comes as Otto Group aims to simplify its structures and reduce costs. According to a company statement, the move follows several months of negotiations with the Otto works council. The company did not disclose specific financial targets associated with the restructuring.

Recent History of Job Cuts

This announcement follows a previous round of job cuts at Otto Group in 2025, when nearly 500 positions were eliminated. Ground.news reports that the previous cuts focused on customer service roles.

Otto Group Overview

Otto Group, headquartered in Hamburg, is a major online retailer. In April 2024, the company moved into a new corporate headquarters on the Otto Campus in the Bramfeld district of Hamburg, representing an investment of over 100 million euros. Hamburger Abendblatt

Leadership

Prof. Dr. Michael Otto is a member of the Otto Group’s supervisory board. He has received numerous accolades, including the German Environmental Prize in 1997 and a Lifetime Achievement Award from the Hamburger Abendblatt newspaper in 2023. Otto Group