ASOS to cut more than 100 jobs

ASOS is planning to simplify its workforce, as part of CEO José Antonio Ramos Calamonte's cost-cutting plans.

The fashion e-tailer will cut more than 100 jobs across all departments, the majority of which are based at its London headquarters.

ASOS has also reportedly launched a consultation period with impacted staff, which will last for 45 days.

In a statement, ASOS told TheIndustry.fashion: “Simplifying and reducing our cost profile is a core part of ASOS’ change agenda that was outlined at full-year results. As part of this, we have taken the tough but necessary step to outline proposals to reduce the number of roles across the business.

"We will work closely with those potentially affected to support them through the consultation process and will seek to redeploy colleagues wherever possible.”

The news comes after ASOS reported loss of £31.9 million in sales for the year ending 31 August 2022, after its performance in the second half of the year was weaker than expected, particularly in international markets.

José Antonio Ramos Calamonte joined ASOS as CEO in June, replacing Nick Beighton who left last autumn and is now CEO at luxury retailer Matchesfashion. Last month, Calamonte set out "a clear change agenda to reorient the business towards the future".

Read TheIndustry.fashion's Fixing ASOS: New CEO José Antonio Ramos Calamonte lays out his plan.