Ingka Group, which owns and operates most IKEA outlets worldwide, announced it will eliminate 800 office-based roles across its Group Functions, primarily at its Swedish offices and Netherlands headquarters, as part of a simplified organizational structure it first outlined in December. CEO Juvencio Maeztu said the cuts will flatten decision-making and lower costs, enabling the retailer to invest more in its frontline operations and continue reducing prices for customers. The layoffs come as IKEA sales have declined for two consecutive years, though Ingka said it still plans to open new stores this year under a faster-to-open format that could create up to 500 new roles.
