Fast growing e-commerce firm axes 60 staff
Around 60 staff have been made redundant at one of Bristol’s fastest growing businesses.
The e-commerce fulfilment firm was founded just over five years ago in Bristol and is best known for its sponsorship deal with Bristol Sport.
The deal means the firm’s name is on the shirts worn by Bristol City, Bristol Bears and the Bristol Flyers.
The company was founded in 2017 by Martin Bysh and Paul Dodd and has its head office in the centre of Bristol.
In the last four years the company has expanded its operations from one warehouse to operating four fulfilment centres across the UK, along with a head office in central Bristol and fulfilment centres in the Netherlands and Spain.
Huboo has warehouses in Emersons Green, Severn Beach, Bradley Stoke and Chippenham and on the continent.
It has plans to roll out its operations across multiple other European markets over the next 12 months, the decision to partner with Bristol.
Last year the company said it has seen a big rise in customers. It reported year-on-year revenue had increased by 124 per cent between January 2021 and January 2022, when it welcomed an average of more than 50 new customers each month.
However, this week it confirmed it has made 60 of staff redundant as part of a reorganisation of its business.
A spokesperson for Huboo said: “At the beginning of the year, Huboo made changes to its 800-strong workforce, which resulted in 60 UK head office redundancies.
“This was not a decision that we made lightly, and we provided support to all those affected.
“We are continuing to recruit across our warehouse operations and the successful realignment, which ensures our continued growth in 2023 and beyond, was a result of volatile stock markets and decreased consumer spending in the short-term.”
