The personalised gifting retailer which brands include Moonpig, Greetz and Photobox will be restructuring the “internal operations of the group around two autonomous businesses – Moonpig and Photobox”.

Seventeen of the roles at risk are due to the reorganisation and 25 are linked to an unrelated decision to outsource Moonpig’s customer service team.

Photobox Group said the reorganising will enable the group to “simplify operations, fast track innovation and empower focus on customer priorities”.