stitch fix said it would cut about 330 jobs as the personal shopping and styling service grapples with a slowdown in sales and mounting losses.
The move will affect chief executive officers, about 15% of salaried positions at the San Francisco-based company and about 4% of its overall workforce. Elizabeth Spaulding Said in a memorandum to the employees on Thursday. Most of the cuts are in the company’s non-technology corporate roles and style leadership roles, the memo said.