​Zalando – one of Europe’s leading online fashion and lifestyle platforms – will cut its workforce by several hundred employees as the company says it has expanded too much in recent years. Zalando was also launched in May 2022 in Romania. The company sells clothes, shoes, accessories, sports, premium and children’s items.

The Financial Times was the first to publish the news, which was later picked up by other major publications such as Bloomberg and Reuters. The German retailer has 17,000 employees and will cut its workforce by 5%. The company says certain parts of the business have expanded too much and others have become too complex, making decisions difficult.

Like other e-commerce companies, Zalando grew strongly during the pandemic, and the return to normal life saw a sharp drop in business.

Zalando sells clothes, shoes, accessories, sports, premium and children’s items.

Zalando was founded in Berlin in 2008 and has more than 50 million active customers in 25 European countries. In 2021, the company’s sales amounted to 10.4 billion euros, which is 30% more than in 2020. The net profit amounted to almost 250 million euros.