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Zalando is cutting several hundred jobs

Zalando is cutting several hundred jobs
According to Zalando, some areas of our company have grown too much in recent years.
Image: ARND WIEGMANN (X90184)

“Several hundred” of the 17,000 jobs would be lost, the company wrote in a circular to employees that the Reuters news agency was able to see on Tuesday.

“In recent years, some areas of our company have grown too much. This is a very difficult but necessary step in order to make the best possible use of the challenges and opportunities that the future holds for us.” First, the “Financial Times” reported on the plans.

Zalando had given a cautious outlook when it published its quarterly figures in November 2022. At the same time, the group listed in the German stock index (DAX) warned that the medium-term goals would probably only be achieved with a delay.

Source: Nachrichten

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