Luxury fashion e-tailer Farfetch is laying off approximately 2,000 employees, representing 25% to 30% of its workforce, as part of a major restructuring under its new owner, the Korean retail giant Coupang. The decision, announced internally on February 16, 2024, aims to streamline the business and secure its financial future following the acquisition finalized in late January. The job cuts affect various teams, including product design and the Farfetch Platform Solutions division. This restructuring coincides with significant leadership changes, including the departure of founder José Neves as CEO and several other top executives.
