The online retailer Zalando wants to cut jobs.
Zalando wants to cut “a few hundred” jobs because of the difficult economic environment, according to a letter from the two co-chairs Robert Gentz and David Schneider to the employees. It is not yet clear how many jobs will be affected. The talks with the employee representatives had only just begun. Zalando employs 17,000 people.
Boom during the pandemic is followed by disillusionment
Zalando’s business had boomed during the corona pandemic. Since public life returned to normal, growth has weakened significantly, and high inflation has led to a significant cooling off in consumer spending.
A number of areas would be affected by the dismantling, it said. The logistics centers, customer care and outlet shops should be excluded. The stock is down 1.3 percent as of midday. The Financial Times reported first. (dpa)