Ruggable, a 13-year-old direct-to-consumer rug brand, laid off 100 employees on January 27th as part of an internal restructuring to navigate a challenging economic environment. This reduction affects its global corporate team and represents a significant portion of the workforce, as LinkedIn lists the company with over 440 employees, including part-timers. The layoffs align with a broader trend in the e-commerce and home goods industry, where companies like Stitch Fix and Wayfair are also cutting jobs. Factors such as high inflation, reduced consumer discretionary spending, and a decline in home sales have pressured the sector, which had previously boomed during the pandemic. Ruggable, known for its washable rugs and venture-backed growth, aims to strengthen its position amid these economic headwinds.
