QVC Group, the parent company of home shopping networks QVC and HSN,

QVC Group, the parent company of home shopping networks QVC and HSN, has announced a significant restructuring plan that includes laying off approximately 900 employees, representing about 5% of its workforce.  The layoffs are part of QVC Group's strategic shift toward becoming a "live social shopping company," aiming to enhance its presence on digital platforms such as TikTok, Facebook, and streaming services like Netflix and YouTube.  This move reflects the company's effort to adapt to changing consumer behaviors and the declining influence of traditional television shopping channels. In addition to the workforce reduction, QVC Group is consolidating operations by closing HSN's campus in St. Petersburg, Florida, and moving its broadcast facilities to QVC's headquarters in West Chester, Pennsylvania.  This transition is expected to be completed by the third quarter of 2025. The company has assured that affected employees will be provided with separation benef...