Stitch Fix to cut workforce by 15% of salaried roles
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Stitch Fix (SFIX) Shares Plunge 15% on Q3 EPS Miss & 15% Salaried Workforce Reduction Announcement
June 9, 2022 5:32 PM EDTStitch Fix (NASDAQ: SFIX) shares were trading more than 15% lower after-hours following the reported Q3 results and confirmed a workforce reduction plan.
Q3 EPS of ($0.72) came in worse than the consensus estimate of ($0.55). Revenue declined 8% year-over-year to $494.9 million, compared to the consensus estimate of $493.26... More
Stitch Fix (SFIX) Lays Off 15% of Salaried Employees - CNBC
June 9, 2022 3:36 PM EDTStitch Fix (NASDAQ: SFIX), the online personal styling company, will lay off 15% of its salaried employees, according to CNBC.
The employees being laid off are mostly in corporate and styling leadership positions, according to the report, which cites an internal memo.... More
