According to various media reports, Gymshark is restructuring its business, a move that most probably will lead to the loss of jobs globally. The brand is reportedly undergoing the restructuring process to improve cross-functional working, guarantee localized accountability, remove duplication and ensure efficiency in teams, processes and systems. As a result of the restructuring, Gymshark is considering placing 121 roles at risk of redundancy across the business, subject to a consultation process. The roles in question are global and include Gymshark’s headquarters in Solihull. According to Drapers, any redundancies will take place before the end of Gymshark’s financial year on July 31. However, Gymshark says the new structure will also create more than 100 new positions that will be offered to current employees wherever appropriate to ensure the necessary skills are in the right place so the company has “the best possible opportunity to grow globally.”

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