Member Info for kt12

For anyone who has forgotten, THG tried to compete with Huel by launching a product called BeNu which flopped.

Banning them from share investments because of THG is like banning someone from driving because you saw an F1 car crash.

If you can’t handle speculative stocks like THG, stick to index funds.

"Excited to announce that I've joined THG (The Hut Group) as a Talent Partner, where I’ll be leading recruitment for India and collaborating with global stakeholders to drive strategic hiring for our cutting-edge product teams.

With a focus on innovation, scale, and impact, I’ll be partnering across regions to attract top talent, shape hiring strategies, and support THG’s mission to build world-class digital and e-commerce solutions."

Has anyone heard much about THG expanding into India?

The information comes from current employees. I’ve just seen a LinkedIn post from someone who was reportedly made redundant—she had been with the company for 17 years. I've no idea how many people have gone but they seem quite senior.

I've heard on the grape vine there's been a large amount of redundancies over the past few days of directors and other senior employees, some of who have been at THG since the early days.

What makes you think they have a bloated workforce? Haven't they had quite a few layoffs recently?

Quote from elsewhere

"Matt Moulding is an idiot, it's all gone to his head. He used to be a little geeky introvert who couldn't speak now he's a roided up old man who genuinely thinks he's living in the wolf of wall street... He used it as an analogy in a presentation to staff that was the most cringe thing I've ever seen. Hitting his chest and calling those who doubt the company pond scum... With stills from the film behind him."

From what I've read on Glassdoor and reddit It seems like THG have started outsourcing technology jobs to India? Does anyone know if THG have said anything about this publicly?

Looks like they've hired David Brent as their new "Global Commercial Director" ffs.

"Make every second count….

Those that know me, know I only sleep 2-3 hours a day (I know it’s bad but I’ve been doing it for 20 years - it stays).

I left UK very early Friday morning, travelled for 24 hours, arrived at final destination in China Sat afternoon - had my case lost (in HK) - went straight to a mall and bought everything. Then hotel change and out for client dinner, labels still showing probably. Went to bed very late after being awake for 2 straight days

“Well the next day is Sunday, you’re fine”

Stop being silly, it’s me. Left 6am Sunday morning, 1st meeting in the stunning Nanjing Convention Centre with the NBA team, at 1m 90, I’m usually the big guy in the room, not today - at 2m 13 / over 7ft tall and huge with it - basketball legend Tang made me look like a child 😀

Brilliant meeting with the CBA / NBA /Spalding sports and the government.

Then onto the next meeting, with the VP of TikTok and the boss of one of the largest State owned health companies.

“but on Sunday night you’ll rest though”

Shut up, I’m out for dinner with 3rd client.

Oh then up at 5am Monday for a flight to Shenzhen and a week of even bigger meetings.

You sleep if you want to, I’m too busy being in the biggest rooms, and conquering the health and wellness world."

I've heard that THG are trying to force the Software Engineers back into the office five days a week. Does anyone know if this is true?

THG already underpays them compared to other companies in Manchester so this seems like a crazy thing to do unless they're trying to reduce headcount?

The leadership of this company just seems utterly incompetent.

Why though? I worked hard at university and deliberately went into a field which favours WFH. There's nothing stopping anyone moving to a job with better working conditions.

They did with "BeNu" but I'm guessing it didn't do well enough. They also had a meal replacement brand called Exante which has now closed.

No, jumped ship and more than doubled my salary. Thankfully working there gave me first hand experience of how inept the leadership were so I avoided investing.

But I thought dragging everyone back to the office five days a week was going to cause the share price to skyrocket??

This applies to pretty much all managers I came across at THG. Most joined straight out of uni or on an apprenticeship and had very little experience outside of THG, but if you hang around a couple of years you will be promoted to management.

So have we all completely given up hope for Ingenuity?

Does anyone know if THG still have their Salford Quays office or did they get rid of that?

All I'm trying to say is I think it's quite short sighted celebrating the company going from 4 days in the office to 5. THG already has a high turnover so how are we going to attract top talent by making working conditions even worse? Even if it's a way of reducing head count then surely that will just cause competent employees to go and we'll be stuck with the deadweight?

*leave within a year

I'm skeptical of that. The turn over when I worked there was horrific. I remember someone from HR saying that a very high percentage of people (can't remember the exact number) within a year. It's the only place I've worked at where it wasn't unusual to see people crying in the office. There's a reason it's considered one of the worst employers in Manchester.