Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth SlowsRead more

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e-commerce

Stitch Fix Is Cutting 15% of Salaried Staff

By
Malique Morris
· · Source: The Information

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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