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Made.com to shed more than a third of its workforce

Financial Times LogoFinancial Times2 mo ago

Made.com to shed more than a third of its workforce - Financial Times

Quick Summary:

Made has warned on profits three times this year and its shares have fallen to just 5.75p — a 97 per cent fall from their 200p IPO price just 15 months ago.

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Thompson’s email also said the company would enact “a robust stock clearance strategy” and appoint a chief operating officer to focus on efficiency and cost reduction.


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Article Details

Author / Journalist: Jonathan Eley

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22 @ 19:17:01 (2 months ago)

News Timezone: GMT -5:00

Ranking: #1576 (out of 3172 stories this day)

News Source URL: ft.com

Language: English

Article Length: 629 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 477758

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 18 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

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  • URL: https://beamstart.com/news/madecom-to-shed-more-than-16638780938782

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