Glossier has branded itself as both a technology and beauty company — but of the more than 80 corporate employees laid off, the technology team was affected the most, Modern Retail first reported. Some of its technology work will be outsourced, Weiss wrote.
The job cuts come after Glossier made big moves to trim its brick-and-mortar footprint in August 2020: It laid off retail workers and closed stores in New York, Los Angeles and London. The company cited the pandemic, but it also stated it was a"digital first" company. The significant layoffs this week show Glossier may have leaned too heavily into that digital-first ethos. The eight-year-old Glossier, which didn't respond to a request for comment, is valued at $1.8 billion after raising $80 million in July 2021.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WHO staff complaint, email allege racism and abuse in AsiaCurrent and former staffers have accused the top director of the World Health Organization in the Western Pacific of racist, unethical and abusive behavior that has undermined the...
Source: TheManilaTimes - 🏆 2. / 92 Read more »
AllDay Supermarket opens store in Worldwide Corporate Center - BusinessWorld OnlineALLDAY Marts, Inc. launched its 35th branch along Shaw Boulevard in Mandaluyong City in line with the Villar-led supermarket’s goal to grow its store network to 100 by 2026. READ:
Source: bworldph - 🏆 9. / 68 Read more »
FDA grants another molnupiravir brand emergency use authorityThe Food and Drug Administration has given emergency use authorization to a third molnupiravir brand.
Source: CNN Philippines - 🏆 13. / 63 Read more »
Top US general warns of 'horrific' outcome if Russian forces 'unleashed' on UkraineChairman of the Joint Chiefs of Staff Gen. Mark Milley warned a Russian invasion of Ukraine would be 'horrific' for the country and would result in 'significant' casualties as he urged Russian President Vladimir Putin to choose a diplomatic path instead.
Source: CNN Philippines - 🏆 13. / 63 Read more »
GMA‘s ‘Encantadia’ gets spin-off seriesVeteran screenwriter Ricky Lee is part of the creative team for ‘Sang’gre’
Source: rapplerdotcom - 🏆 4. / 86 Read more »