More than 150 jobs have been cut at embattled bookseller Booktopia as the company stops taking customer orders.
The major Australian online book retailer entered voluntary administration last week, with customers complaining of being left in the dark about pending orders.
An urgent assessment of Booktopia is being undertaken by administrators from McGrathNicol, who are looking to sell all or parts of the business.
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Booktopia suffered a $16.7 million loss for the six months to December 31, following a $3.9 million loss a year ago.
The company recently laid off 50 employees across several departments at its Sydney headquarters and its former CEO stepped down in a major restructure it estima…
Read the full article at: https://7news.com.au/news/australian-online-book-retailer-booktopia-axes-jobs-after-entering-voluntary-administration–c-15305510