In August, New Work SE, the parent company of Xing, was delisted from the Frankfurt stock exchange. The move followed a takeover bid by majority shareholder Burda, aiming to acquire full ownership.
The company has faced significant challenges, including multiple layoffs and the discontinuation of several unsuccessful product launches. Notably, Honeypot, one of New Work SE’s ventures, has ceased operations. Among the company’s portfolio, Kununu remains the most stable and successful platform.
Xing, once a leading professional network in German-speaking regions, has struggled to maintain momentum in a competitive market, contributing to the company’s restructuring efforts.
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