Post-holiday sales for Shein, Zulily and others lean into self-gifting
December 23, 2022 ■ 5 min read
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.
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