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e-commerce

E-Commerce Layoff Tally Mounts With Faire, Affirm Cuts

By
Paris Martineau
,
Maria Heeter
and
Ann Gehan
· · Source: The Information

E-commerce and payments job cuts are piling up as the pandemic-fueled boom in online shopping fades and inflation and recession fears weigh on consumer spending. Payments giant Stripe’s Thursday announcement that it cut around 1,100 jobs, or 14% of its workforce, marked a prominent example of the e-commerce slowdown. Founders John and Patrick Collison said they had been “too optimistic”...

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