THG to axe 160 jobs across business
British group THG is planning to cut approximately 160 jobs across its marketing, sales and warehouse teams.
This includes 60 marketing and sales roles as the group begins a consultation to axe jobs at its ecommerce services platform, THG Ingenuity, which will run until mid-March.
Additionally, the group is planning to cut around 100 jobs at its Warrington warehouse following the automation of its factories.
"Subject to consultation, THG is proposing to reduce the number of employees employed in the Omega site," reads an internal email to workers, initially reported by the Warrington Guardian.
"688 employees will be placed at risk, with our current proposal being that circa 100 employees be made redundant."
The decision follows the group's continued investment into its UK warehouses, with automated facilities supporting THG's "rapidly scaling" ecommerce business.
Earlier this month, THG reported a 1.1% increase in revenue to £597.9 million for the year ending 31 December 2023, marking its best quarterly performance of FY23.
The group said its exit momentum from 2023 "underpins our confidence in all divisions delivering growth in FY24"