Cazoo has confirmed it’ll minimize 750 jobs within the UK and the remainder of Europe as a part of a plan to slash prices by £200m.
The redundancies will see Cazoo’s workforce minimize by 15 per cent because it struggles with disappointing gross sales and plunging client confidence that has seen individuals reduce on massive purchases.
The net used automotive seller has seen its share worth plummet 87 per cent because it was listed on the New York Inventory Alternate at an eye-watering £5bn valuation final yr.
Kaynak: briturkish.com
