Redbubble

Redbubble, a listed online arts and crafts marketplace, is laying off 75 employees, which represents 23% of its workforce. The cuts, announced on May 10, 2023, are part of a broader cost-reduction effort by returning CEO Martin Hosking aimed at saving $13 million to $15 million annually and restoring the e-commerce company to positive cash flow.

Redbubble, an online marketplace for independent designers, is laying off 14% of its workforce as part of a cost-cutting initiative aimed at achieving positive cash flow by the end of 2023. The company, operating in the e-commerce and retail industry, announced this restructuring in January 2023, citing challenging economic conditions where consumers are making tougher spending choices due to higher inflation. This reduction reflects broader pressures on discretionary spending affecting the online retail sector.