QVC Group Cuts 900 Jobs: Inside the Massive Layoff

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QVC Group The company's restructuring initiatives have led to a decrease in the workforce.

The parent company that has been recently renamed QVC And HSN phased out approximately 900 positions in the U.S. on Thursday. The company stated, “Many of these employees will conclude their tenure with the QVC Group today.” Others will remain employed for several months primarily to facilitate the transition process. HSN Broadcast and the St. Petersburg campus.

As was mentioned earlier, the firm began the year by combining the U.S. activities of QVC and HSN , relocating HSN's operations based in St. Petersburg, Florida, to QVC's Studio Park in West Chester, Pennsylvania.

Back then, a representative from the company stated that the QVC Group expects "some positions will be eliminated, along with potential relocations and transitions to remote work under specific conditions." However, they hadn’t finalized how many jobs would be impacted at that point.

According to a Securities and Exchange Commission filing, the firm reported having approximately 17,000 workers worldwide. This indicates that roughly 5% of their staff were affected by these reductions. Additionally, potential organizational adjustments are under consideration for the company’s overseas operations; however, specific plans haven’t been finalized yet.

The company stated, 'We plan to share these details with those who may be impacted and, when appropriate, enter into discussions with pertinent employee representative groups, as dictated by local regulations.'

More recently, the QVC Group appointed seasoned media leader Alex Wellen as part of their team. CEO and Chief Growth Officer "Wellen will outline and drive QVC Group’s expansion strategy encompassing U.S. social selling, streaming services, digital platforms (such as qvc.com and hsn.com), new business ventures, and platform distribution," the firm informed GudangMovies21 at that point.

Among the recent leadership shifts at the company, Wellen has been included. Mike Fitzharris was named as the new president of the QVC U.S. brand and COO of the QVC Group. Additionally, Stacy Bowe has taken up her role as both the president of the HSN brand and head of U.S. merchandising.

This represents a significant change for the firm, as they are now emphasizing both social selling and traditional broadcasting approaches. "Hiring Alex is crucial to our plan to achieve revenue growth again by transforming into a leading live social commerce business," stated CEO David Rawlinson II when announcing Wellen’s recruitment back then.

In 2024, according to an SEC filing, the corporation's combined net income decreased by 4.8 percent to reach $452 million.

More from GudangMovies21
  • QVC Group Names Alex Wellen as President and Chief Growth Officer
  • Qurate Renames Itself as QVC Group

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