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Redbubble cuts staff to manage costs

(Source: Bigstock)
Online marketplace Redbubble is to cut 14 per cent of the group’s staff to reduce costs as trading remains “challenging”. According to independent data, Redbubble has 2000 employees, which means about 280 positions would be cut. In a trading update including unaudited results for the half year to December 31, the business says its underlying marketplace revenue (MPR) is up 2 per cent to $290.4 million after momentum improved during the second quarter. However, increased promotional activit
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