RE: THG slashing jobs4 Mar 2024 10:37
Cutting staff numbers and replacing with automation is clearly good. it just needs to pull through to p&l and at H1 update admin costs were still increasing, absolute and % yony. if admin costs are up due to marketing costs, despite sales flat lining, clearly this is not a sustainable business model. this is why it seems thg is increasing offline activity, but this calls into question its whole business model