“Glossier Lays Off Staff” refers back to the latest job cuts made by the favored magnificence firm, Glossier. The corporate laid off roughly 80 staff, or 8% of its workforce, as a way to cut back prices and streamline operations. This transfer comes amidst a difficult financial local weather and elevated competitors within the magnificence trade.
Glossier’s determination to put off staff is a component of a bigger pattern within the tech trade, the place firms are reducing prices and shedding employees as a way to keep afloat. The wonder trade can be dealing with challenges, with customers changing into extra price-conscious and the rise of on-line retailers placing stress on conventional brick-and-mortar shops. Consequently, Glossier isn’t the one magnificence firm to put off staff in latest months. Different firms, resembling Coty and Revlon, have additionally introduced layoffs.
