The QVC shopping network’s parent company has laid off 400 employees, including two of its longtime on-air hosts, amid a major decline in sales and revenue.
In a statement Tuesday, Qurate Retail Group announced that it has cut a number of roles in its QVC and HSN teams as well as its corporate shared services teams in the U.S.
“Today will be the last day worked for most of these team members, although a small number will transition over time,” the company said. “Today’s impacts affect approximately 400 of our team members across these groups.”
“These decisions are not easy but are necessary in realigning how we manage the business and heighten focus on critical priorities,” it continued.