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Briefing

Softbank-Backed Brandless Shuts Down

By
Zoë Bernard
· · Source: Protocol

Direct-to-consumer retail startup Brandless is laying off 70 employees and shutting down, according to a report from Protocol. The company, which was recently included in The Information’s Troubled Tech Companies List, is among the growing number of Softbank-backed startups to undergo layoffs in recent months. Softbank invested around $100 million as a part of a $240 million investment that...

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