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Marks & Spencer To Cut Workforce – What The Analysts Said

Published on Aug 18 2020 12:29 PM in Retail tagged: Featured Post / Marks & Spencer / GlobalData / What The Analysts Said / Paywall / AJ Bell / Retail Economics

Marks & Spencer To Cut Workforce – What The Analysts Said

Marks & Spencer has announced plans to cut its workforce by around 7,000 over the next three months, shedding roles in its central support centre, in regional management, and in its UK stores.

Announcing the plans, chief executive Steve Rowe said that the plans represent an "important step in becoming a leaner, faster business set up to serve changing customer needs."

Here's how leading industry analysts viewed the retailer's move:

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