H&M has informed approximately 250 British office employees of an impending reorganization that could lead to job losses. The restructuring follows earlier measures in the Netherlands, Belgium, and Spain, where hundreds of jobs have already been lost. Exact number not yet clearThe fashion company emphasizes that the figure of 250 employees refers only to those who received the notification, not to the number of positions that may be eliminated. The layoffs are reportedly due to overlapping responsibilities and the fact that decision-making is too far removed from the customer, and thus not related to the company’s recent financial results. The half-year results published by the H&M Group on June 25 showed that profits rose while revenue fell, indicating a greater emphasis on margin discipline than on volume growth.