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Cazoo has confirmed it’ll lower 750 jobs within the UK and the remainder of Europe as a part of a plan to slash prices by £200m.
The redundancies will see Cazoo’s workforce lower by 15 per cent because it struggles with disappointing gross sales and plunging shopper confidence that has seen individuals reduce on huge purchases.
The web used automobile supplier has seen its share value plummet 87 per cent because it was listed on the New York Inventory Trade at an eye-watering £5bn valuation final 12 months.
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