Topshops parent company reorganizes its headquarters to lay off 500 employees

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 Topshops parent company reorganizes its headquarters to lay off 500 employees


The company, which owns the Topman, Topshop and Burton brands, has cut most of its staff in recent months and cut its senior leadership team by 25% to 50% to save costs. Although stores are now reopening across the UK as lock-in restrictions are relaxed, the retailer will continue to be affected by insufficient demand and traffic.