1stdibs, an online luxury marketplace for vintage and antique goods, laid off approximately 22 employees, representing about 13% of its workforce, in January 2023. The layoffs were part of a broader restructuring effort to streamline operations and reduce costs amid challenging economic conditions affecting the e-commerce and luxury retail sectors. The company, which had scaled significantly prior to going public, took this step to prioritize profitability and extend its financial runway.
