Waterstones will part ways with many of its head office staff as it becomes the latest in a long list of businesses to make employees redundant in the wake of Covid-19.
The book chain said it has started consulting with employees in its Piccadilly head office, though it declined to say how many workers are affected.
Waterstones moved its headquarters to the site in 2012 in a bid to get closer to both its customers and nearby publishers of the books it sells.
In a statement on Wednesday, it said that the company needed to cut costs, despite a strong performance in online sales, after months of shops being unable to open.
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