easyJet to remove approximately 50 staff from head office
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Background ✨
easyJet's board agreed to a recommended all-cash acquisition by Apollo Global Management subsidiary Bidco valuing it at about GBP5.7 billion, with completion expected by the end of 1Q2027 via a court-approved scheme of arrangement.1 Apollo and Bidco said it did not intend to make material headcount reductions in the 12 months after the deal became effective.1 JLS Consulting director John Strickland said Apollo signalled support for easyJet's existing management and strategy, enabling a longer-term focus away from public markets.2 Separately, easyJet CEO Kenton Jarvis said it cut 600,000-700,000 winter seats to scale back capacity amid high fuel costs.3