Stitch Fix, the online personal styling company, said Thursday that it’s cutting 20% of salaried positions.“To those impacted: You took a chance on Stitch Fix, trusted us with your time and investment of yourself, and I am sincerely sorry that we are parting ways with you in this way today,” Lake said in a letter to employees.Stitch Fix, which had about 7,900 employees as of July last year, had announced in June that it was cutting 330 jobs.
But the company has grappled with weaker sales and wider losses recently. Stitch Fix posted a 22% year-over-year drop in revenue in December.
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