Mejuri

In response to a challenging economic climate marked by reduced consumer spending and high inflation, the direct-to-consumer fine jewelry brand Mejuri has laid off 50 employees, representing 10 percent of its workforce. The cuts, part of a broader trend affecting retail startups, were attributed to macroeconomic pressures including supply chain disruptions and shifting post-pandemic shopping habits. While the exact date of the layoffs was not specified, the announcement was made public this week, highlighting the difficulties faced by e-commerce companies as they adjust to a return to pre-Covid demand levels.

In response to the COVID-19 pandemic, the Canadian e-commerce fine jewelry startup Mejuri has laid off approximately 36 employees, representing 15 percent of its workforce of 244. The company, founded in Toronto in 2015, has closed all its retail stores in cities like Toronto, New York, and Los Angeles due to government-mandated closures of non-essential businesses. The layoffs, confirmed in late March 2020, included a mix of temporary and permanent reductions, primarily affecting retail staff, while the online store continues to operate. This move reflects broader challenges in the tech and startup industry, as many companies faced significant disruptions during the pandemic.