Marks & Spencer has announced plans to cut 7,000 jobs across the business, including staff at its UK stores.
It is unclear as of yet if or how the company's stores in Newport will be affected, but it plans to reduce the number of roles at its central support centre, in its regional management and UK stores over the next three months.
The company has a store in Newport Retail Park and an M&S Foodhall in Friars Walk, and recently announced plans to open a new Foodhall in nearby Cwmbran.
It follows a number of high-profile job cuts in the past few weeks, including at Debenhams and Boots, as companies feel the pinch after several months closed due to coronavirus.
The company said it expected a "significant proportion" of redundancies to be through voluntary departures and early retirement. It said it would begin "an extensive programme of communication with colleagues."
It also expects to create “a number” of new jobs as M&S invests in its online capacity.
M&S Chief executive Steve Rowe said: “In May we outlined our plans to learn from the crisis, accelerate our transformation and deliver a stronger, more agile business in a world in which some customer habits were changed forever.
“Three months on and our Never the Same Again programme is progressing; albeit the outlook is uncertain and we remain cautious.
“As part of our Never The Same Again programme to embed the positive changes in ways of working through the crisis, we are today announcing proposals to further streamline store operations and management structures.
“These proposals are an important step in becoming a leaner, faster business set up to serve changing customer needs and we are committed to supporting colleagues through this time.”
