In May 2022, Amazon aggregator Thrasio, a startup valued between $5 billion and $10 billion, initiated layoffs affecting a portion of its workforce. The company, which acquires and consolidates third-party Amazon sellers, simultaneously announced a leadership change, appointing former Airbnb president and Amazon executive Greg Greeley as its new CEO. These moves come after a turbulent period for Thrasio, including executive departures and delays in its planned SPAC listing, reflecting broader challenges within the aggregator business model. The layoffs underscore the company's strategic adjustments amid shifting market conditions.
