What: John Lewis Partnership is reportedly considering cutting up to 11,000 jobs as part of its ongoing turnaround program.

Why it is important: This significant reduction in workforce highlights the challenges faced by traditional retailers in adapting to the rapidly changing retail landscape, marked by increased online competition, economic pressures, and evolving consumer behaviours.

John Lewis Partnership, a prominent UK retailer, is reportedly planning to cut up to 11,000 jobs over the next few years across its various divisions, including its headquarters, supermarkets, and department stores. This move is part of a broader effort to reduce costs and improve efficiency, particularly through technological advancements. The company has already closed 16 department stores and reduced its workforce, reflecting the struggles it faces in a highly competitive market and the impact of the shift towards online retail. Additionally, John Lewis is modifying its redundancy terms, offering one week's pay per year of service instead of the previous two weeks, starting February 1. This decision aligns with the company's strategy to return to profitability by enhancing customer offerings, investing in technology, and optimizing store operations. The spokesperson emphasized that the company's focus is on improving performance, but acknowledged the unfortunate necessity of reducing the number of employees.

John Lewis considers up to 11,000 jobs cuts