Asos puts hundreds of jobs at risk at head office amid bid to return to profitability
Asos is set to axe hundreds of jobs at its head office amid mounting losses at the online fashion giant as it attempts to return to profitability, according to reports.
ASOS to slash hundreds of head office jobs amid heavy losses at online fashion giant
Internet fashion firm Asos has proposed sweeping job cuts in parts of its head office as it tries to return the business to profit and "simplify the organisation”
Asos to cut 200 jobs at head office as it battles cheaper fast fashion rivals
The e-tailer has struggled with low sales and high debt post-pandemic amid competition from cheaper rivals like Shein.
Asos to cut head office roles as tech team restructured
Asos set to cut more than 200 head office roles amid rising losses at the retailer. The move comes as the fashion giant pushes ahead with “simplifying the organisation” and returning to profit, according to The Mirror.
Asos to cut 200 jobs at London head office as it battles cheaper fast fashion rivals
For the last year, Asos' stock price has languished at lows not seen since its first two years of listing on the LSE and earlier this year, it announced a £120 million pre-tax loss for the first half of 2024.
Asos to shake up tech team
Asos has launched a consultation with staff in its technology team on a proposed restructuring to simplify the organisation, which "will not change the overall number of employees".
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Can Asos fight back against Shein and Temu in the market it once dominated?
To say that investors have lost confidence in Asos may be something of an understatement: its share price has plummeted since April 2021, to the tune of about 90 per cent. The stock resembles a ...