Leadership churn - A steady exodus of C-suite, VPs, and directors since the take-private.
Exits and layoffs - LinkedIn is awash with goodbye posts from ex-Adevintans hunting a “new chapter.”
Break-up strategy - Irish stake (Daft/DoneDeal), Austrian unit (Willhaben) and now the whole Spanish cluster sold off; a mobile.de IPO is reportedly next. Feels like a garage sale, not a growth plan.
Communication gap & shifting narrative - The PE buyers originally pledged the take-private would let “Adevinta’s exceptional management team, led by Antoine Jouteau, focus on accelerating the company vision.” Within months that very team was hollowed out and assets queued for sale.
Group culture collapse - Leadership never forged a cohesive group identity. Internally it often felt like a “Game of Thrones” among the seven kingdoms; once PE took over, many leaders scrambled “back to local,” and the pan-Adevinta culture unraveled. The same people who championed the group a year ago now list leboncoin, Kleinanzeigen, mobile.de, etc., on their profiles.
Career risk - At group level job security feels nonexistent as priorities flip.
