Online retailer Stitch Fix is laying off 15% of its salaried staff, or about 330 roles, in the latest example of spending cuts by struggling e-commerce firms amid a broader sales slowdown, according to an email sent to employees on Thursday and viewed by The Information. Most of the cuts will involve corporate roles and people who manage the company’s stylists, which select personalized outfits...
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Apple’s Hiccup, Blue Apron Gets Picked Up
It’s hard to feel sympathy for Apple, given how much money it makes ($9.2 million in net income every hour in the most recent quarter). But the flood of complaints on social media about overheating in the latest line of iPhones makes you feel a bit for the tech giant and its executives. Here’s a company that wanted to make its high-end phones lighter by using titanium, and what sounds like a...
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