E-commerce firm Boxed is laying off 25% of its workforce as it seeks a buyer, a move announced in March 2023. The company, operating in the competitive online retail and wholesale industry, is reducing staff significantly amid strategic shifts to streamline operations and attract acquisition interest. While the exact number of employees affected wasn't specified, the percentage indicates a substantial cut as Boxed navigates challenges in the tech and e-commerce sector, reflecting broader market pressures.
