Categories: Economy

Zalando joins the group of large companies announcing job cuts

Author: HANNIBAL HANSCHKE | Reuters

The German online fashion retailer has the best market in Spain after Germany

He’s not a tech giant, but he uses his techniques to grow his business. It’s about fashion retailer on the line Germany’s Zalando, which will follow the same path of workforce reduction as multinational companies such as Amazon, Microsoft or Meta have already done.

The company, as reported by international agencies, will cut hundreds of jobs across the companyand claim a excessive expansion in some areas and the more difficult economic environment than the coronavirus pandemic as the causes of this decision, which he informed the employees about in a letter.

Zalando said the pandemic boosted business in 2020 and 2021, but that spiral was fueled by online shopping due to locking and activity restrictions they have disappeared since 2022, and the macroeconomic environment has become more challenging.

“We have decided to initiate a program that will eliminate several hundred generalist positions across many of our teams,” the company said in a statement on Tuesday. Over the past several years, “certain areas of our business have expanded too much and added a degree of complexity to our organization that has impacted our ability to act quickly,” Robert Gentz ​​​​​​​​​​​​​​ and David Schneider wrote in the letter.

It’s true After Germany, Spain is the most important market for the company. The online fashion sales platform has opened its first logistics center in the country in Illescas. It found an additional path of penetration in its Connected Retail service, reaching 300 physical Spanish stores connected to the platform. It is a system through which independent textile stores sell their garments using Zaland’s digital tools and a reach that reaches 20 markets and 42 million customers.

It is not yet known whether the decision to reduce the number of workers will affect the person Zalando works with in Spain.

Source: La Vozde Galicia

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