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https://www.bizjournals.com/twinciti...Vps7MpRrImvAyE
By Carter Jones – Digital Producer, Minneapolis / St. Paul Business Journal
Apr 3, 2020, 4:10pm EDT
IMedia Brands Inc., the company that runs home-shopping network ShopHQ, is cutting 108 jobs.
The Eden Prairie-based company cites significant and unforeseeable business circumstances, including market and financial impacts of COVID-19 in the decision, according to a notification of the layoffs to the Minnesota Department of Employment and Economic Development.
IMedia previously announced a restructuring in January that saved $15 million annually, including $10.5 million in salaries and benefits.
The company is Minnesota's 37th-largest public company with roughly $535 million in revenue.
By Carter Jones – Digital Producer, Minneapolis / St. Paul Business Journal
Apr 3, 2020, 4:10pm EDT
IMedia Brands Inc., the company that runs home-shopping network ShopHQ, is cutting 108 jobs.
The Eden Prairie-based company cites significant and unforeseeable business circumstances, including market and financial impacts of COVID-19 in the decision, according to a notification of the layoffs to the Minnesota Department of Employment and Economic Development.
IMedia previously announced a restructuring in January that saved $15 million annually, including $10.5 million in salaries and benefits.
The company is Minnesota's 37th-largest public company with roughly $535 million in revenue.