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The low cost retailer collapsed into administration final week
Poundworld has axed 98 jobs from its head office as directors battle to search out a purchaser for the low cost retailer.
The job cuts on the office in Normanton, West Yorkshire, come after the enterprise collapsed final week, placing a complete of 5,100 jobs in danger.
The chain, owned by non-public fairness agency TPG Capital, began with a market stall in Wakefield arrange in 1974.
Its administrator Deloitte has now been compelled to make 98 staff redundant.
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The price range chain's 335 shops are nonetheless open and proceed to obtain inventory.
Deloitte requested for bids for Poundworld to be submitted by final Friday, however it's thought a purchaser for the entire enterprise might not materialise.
It stated the agency was hit by falling footfall, rising prices and weak shopper confidence, when it introduced the administration.
TPG stated placing the enterprise into administration was a "difficult decision", and that the retailer was affected by a decline in the UK retail sector.
Several retailers have collapsed into administration this 12 months, with each Maplin and Toys R Us disappearing from the UK.
House of Fraser has additionally detailed plans to close 31 shops, affecting round 6,000 jobs.
New Look, Mothercare, Carpetright and a string of restaurant manufacturers have additionally been shutting shops in a bid to remain afloat.