Maria Monteros is a reporter at Modern Retail. Before joining Digiday, Maria has written for several publications including Bloomberg, MarketWatch and The Nashville Business Journal. When she’s not covering retail news, Maria enjoys exploring different neighborhoods in D.C. and trying new pastry shops. Send tips and story ideas to email@example.com.
Thirteen-year-old direct-consumer rug brand Ruggable laid off 100 employees on Friday, joining a number of e-commerce startups resorting to layoffs in the new year ahead of a potential recession. "This outcome was driven by an internal restructuring to ensure our business will remain strongly positioned in today’s challenging economic environment," a statement from the company read.