Around 100 jobs could be at threat of redundancy at Asos as the online beauty and fashion retailer undergoes a restructuring plan following poor trading results.
The company, which is one of the largest online retailers in the UK, issued a profit warning in December after Christmas trading suffered a significant slowdown, triggering its shares to plunge by 40%.
Pre-tax profits for its latest half-year results, published in April fell by 87%, however retail sales rose 13% to £1.3bn.
The job cuts are believed to be mainly in the company’s London-based marketing department and affected staff are currently in a consultation period.
