BVAccel Layoffs
April 2020
BVAccel announced a layoff affecting 25 employees (25% of its workforce) in April 2020. The company operates in the Marketing sector.
25
25%
Apr 8, 2020
About
BVAccel, an ecommerce agency specializing in Shopify storefronts for direct-to-consumer brands, laid off or furloughed 25% of its staff, affecting 25 employees, in early April 2020. The cuts were a direct response to the coronavirus pandemic, which severely impacted the agency's clients, with some experiencing sales drops of 70-80% as consumer spending on non-essential goods plummeted. Operating in the digital marketing and ecommerce industry, the agency, which works with notable brands like Kylie Cosmetics and Untuckit, faced reduced demand for its services as DTC brands slashed their own expenses. Despite some new client acquisitions from brands seeking to diversify into direct sales, the overall downturn necessitated this significant reduction in workforce to navigate the economic crisis.
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