Monday, 08 Jul 2019 14:10 GMT

Moonpig owner cuts jobs

Photobox Group has announced job losses at its London headquarters as part of a reorganisation of two of its businesses – Photobox and Moonpig.

In a statement, the group says that 17 roles are linked to the reorganisation, with a further 25 linked to an “unrelated decision” to outsource Moonpig’s customer service operations.

Jody Ford, chief executive officer of Photobox Group, comments: “In order to enable each business within Photobox Group to simplify operations, fast track innovation and empower focus on customer priorities, we have decided to reorganise the internal operations of the group around two autonomous businesses – Moonpig and Photobox.

“Regretfully, this means that 42 roles are at risk of redundancy across the businesses. We thank these employees for all their hard work and dedication and will do all we can to support the affected individuals.”

… we have decided to reorganise the internal operations of the group around two autonomous businesses

Photobox Group acquired Dutch online cards and gifting retailer Greetz in August 2018, which, along with Moonpig, will now be led by chief executive officer Nickyl Raithatha, whilst the photo personalisation businesses – Photobox, Hofmann and posterXXL – will be run by Christian Woolfenden.

Moonpig, which produces personalised cards and gifts, was founded by Nick Jenkins in 1999 and was acquired by Photobox for £120m in 2011. Moonpig opened its first tech hub in Manchester as part of a wider multi-million pound investment.

According to The Sunday Telegraph, the firm reported revenue of £90.7m to April 2018, following a decade of double-digit growth.

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