Asos could axe 100 jobs as profits crash

Asos package

Asos is poised to axe around 100 jobs at its London head office as the business grapples to revive slowing sales.

The online fashion giant has launched a consultation with workers, many of whom are employed in its marketing department, the Sunday Times reported.

The move comes as Asos battles to revive its fortunes.

Having enjoyed stellar growth for a number of years and gobbled up market share from more traditional bricks and mortar rivals, the etailer issued a profit warning in December.

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