Only 18 staff members remain at recently collapsed retailer Booktopia as 165 of their colleagues were sacked from the beleaguered company.
The virtual bookseller announced last Wednesday it had entered voluntary administration after a major slump in share value, less than four years after it went public on the ASX.
The major Australian retailer recorded a $16.7 million loss from six months to December 3 while it let 50 staff go and its former CEO resigned.
Just 18 people now remain at the liquated business after McGrath Nicol Restructuring partners Keith Crawford, Matthew Caddy and Damien Pasfield reportedly terminated 165 staff on Wednesday.
The administrators made the tough call less than one week after gaining control of the cru…