THG Ingenuity expects to make 90 redundancies as it centralises its team in Manchester.
Ingenuity comprises an eCommerce and fulfilment technology platform – used by brands including Matalan – and THG Studios, a creative agency providing a range of services from campaigns and content creation to videography and photography. It is led by CEO Richard Ward (pictured).
The company is privately owned following its demerger from eCommerce firm THG plc earlier this month. THG plc now consists of THG Beauty and THG Nutrition.
THG Ingenuity confirmed to BusinessCloud that it has reviewed its organisational structure following the demerger and proposes to make approximately 90 people redundant, with 134 roles at risk across eCommerce, marketing and ‘customer success’.
Those currently based in London’s Square Mile who remain with the business will now be based in Manchester.
“As a business, we are committed to continuously improving THG Ingenuity’s operational efficiency,” a spokesperson told us.
“Following a comprehensive review of our organisational structure since the demerger, we have identified several opportunities across the business to enhance our operational effectiveness, including centralising our eCommerce, marketing and customer success teams in Manchester.
“Subject to the ongoing consultation process, these changes will likely result in a small number of redundancies across the business. Whilst this is regrettable, Ingenuity is committed to supporting all colleagues affected by these changes and, where possible, will seek to offer affected colleagues an alternative role.”
Ingenuity recently appointed former Microsoft and Accenture figure Lucy Cooper as chief commercial officer, while THG plc appointed a new non-executive director in Milyae Park, a former MD for Europe at Marks & Spencer.