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THG to axe 171 jobs after cutting third of workforce

THG to axe 171 jobs after cutting third of workforce

THG is planning to cut 171 jobs across various departments

The LookFantastic and MyProtein owner told employees it has put 581 jobs at risk as it looks to scrap 171 roles across six divisions including beauty and nutrition, The Financial Times reported.

The latest wave of redundancies come as THG has cut almost a third of its workforce over the past two years as part of a cost-saving review.

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The announcement coincides with the company requesting staff return to its Manchester-based head office five days a week from 19 August.

The company blamed the changes on “inconsistent adherence” to its current policy, which requires employees to come into the office four days a week with an option to work from home one day a week subject to prior approval.

In an internal memo, seen by The FT, it added that formal flexible working agreements that were already in place would continue to apply “but [they] may be subject to review in the near future”.

THG is the latest retailer to call it quits on employees working from home, joining Boots and JD Sports, which requested all head office employees based around the world to return to the office at least four days a week

In its previous policy, the group required employees to come into the office for four days a week with an option to work from home one day a week subject to prior approval.

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