Stitch Fix founder Katrina Lake told employees today: "I’m sharing the difficult news that we will be reducing the size of the Stitch Fix team by about 20% of salaried positions. In addition, we are closing our Salt Lake City distribution center, where our team is also impacted. We will be losing many talented team members from across the company and I am truly sorry. Everyone will get an email soon letting you know what this means for you." Reference Link
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on SFIX:
- Stitch Fix announces Spaulding to step down as CEO, Lake becomes interim CEO
- Stitch Fix announces Elizabeth Spaulding will step down as Chief Executive Officer; Founder and Chairperson of the Board Katrina Lake to become interim Chief Executive Officer
- Changes at Disney, a Stitch Fix deal among The Information’s 2023 predictions
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Short Report: Bears pounce on disappointing drug news from Gossamer and Verve
