“The owner of John Lewis and Waitrose is understood to be consulting on plans to cut 11,000 jobs as part of a major turnaround.
The retail chain, which last March warned of job cuts to lower costs across the business, is reportedly in talks to cut its 76,000 strong workforce by at least 10pc over the next five years.
The number of roles is expected to be reduced slowly through redundancies and by not replacing staff who leave, sources told the Guardian.
The partnership has already raised about £260m to fund its turnaround by taking on new bank debt and by selling and leasing back 11 Waitrose stores, the Times reported separately. The job cuts are expected to mainly hit John Lewis and head office, sources have said.”
https://www.telegraph.co.uk/business/2024/01/27/john-lewis-job-cuts-after-redundancy-pay-overhaul/