“Glossier Lays Off Staff” refers back to the current job cuts made by the favored magnificence firm, Glossier. The corporate laid off roughly 80 staff, or 8% of its workforce, with a purpose to scale back prices and streamline operations. This transfer comes amidst a difficult financial local weather and elevated competitors within the magnificence business.
Glossier’s determination to put off staff is an element of a bigger development within the tech business, the place firms are chopping prices and shedding staff with a purpose to keep afloat. The sweetness business can be dealing with challenges, with shoppers changing into extra price-conscious and the rise of on-line retailers placing stress on conventional brick-and-mortar shops. Because of this, Glossier shouldn’t be the one magnificence firm to put off staff in current months. Different firms, comparable to Coty and Revlon, have additionally introduced layoffs.
