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QVC Cuts 900 Jobs Amid Revenue Decline, Restructuring Focus

3/31/2025

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Summary

Story summary

QVC Group is reducing its workforce by 900 employees, about 5%, to focus on social media and streaming.
The closure of HSN's St. Petersburg campus will result in 730 job losses, consolidating operations in Pennsylvania.
The company seeks to improve live social shopping experiences due to declining revenue and viewership.
QVC's latest financial report indicates a 6% revenue decline, with losses totaling $1.27 billion.

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Story summary

QVC Group is reducing its workforce by 900 employees, about 5%, to focus on social media and streaming.
The closure of HSN's St. Petersburg campus will result in 730 job losses, consolidating operations in Pennsylvania.
The company seeks to improve live social shopping experiences due to declining revenue and viewership.
QVC's latest financial report indicates a 6% revenue decline, with losses totaling $1.27 billion.