Sleep Cycle AB (publ) announced a strategic move to enhance teamwork and boost operational efficiency. The company intends to consolidate its workforce at the Gothenburg headquarters, which would mark a decisive shift in its operational structure and position the organization to meet current challenges and eye future growth. In First Quarter 2024, Sleep Cycle is launching initiatives aimed at improving operational efficiency and unifying the team around a new strategy, which will be launched in Q2.

The biggest organizational change entails phasing out the Stockholm office. All Stockholm-based employees, including remote workers, will be offered the same jobs at the Gothenburg HQ. These employees will receive relocation reimbursement packages.

The move is not part of an articulated cost-cutting program, although consolidating Sleep Cycle's two offices enables the company to bring all functions closer together, creating a more efficient organization and saving money.