Briefing

    0

Furniture giant IKEA Group will cut 7,500 administrative jobs, as company shifts from large physical outlets to smaller stores and online retail

December 5, 2018

Briefing:
  • 7,500 Lost Jobs – Furniture retailer IKEA Group will reduce global workforce by 5%, equivalent to 7,500 administrative jobs
  • New Strategy – Company shifting strategy from operating large warehouses to setting up smaller stores and moving to online shopping, as it focuses on improving its digital, delivery, and service capabilities over next few years
  • 11,500 New Jobs – 11,500 new jobs will be created, particularly to support expansion of small stores and online shopping
  • Changing Customer Behavior – Customers shifting from buying furniture in physical stores to online platforms
Ikea logo

Image Source: IKEA

Ikea logo

Image Source: IKEA

Accelerator: Online Commerce
Market Disruption: Technology Unemployment
Sectors: Consumer Durables, Wholesale and Retail Trade
Organization: Ikea AB
Sources: 

Original Publication Date: November 21, 2018

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