RetailUS

Boxed Layoffs

March 2023

Boxed announced a layoff affecting 32 employees (25% of its workforce) in March 2023. The company operates in the Retail sector.

People Affected

Percentage

25%

Announced Date

Mar 15, 2023

About

E-commerce firm Boxed is laying off 25% of its workforce as it seeks a buyer, a move announced in March 2023. The company, operating in the competitive online retail and wholesale industry, is reducing staff significantly amid strategic shifts to streamline operations and attract acquisition interest. While the exact number of employees affected wasn't specified, the percentage indicates a substantial cut as Boxed navigates challenges in the tech and e-commerce sector, reflecting broader market pressures.