RetailUS

Everlane Layoffs

March 2020

Everlane announced a layoff affecting 227 employees in March 2020. The company operates in the Retail sector.

People Affected

227

Announced Date

Mar 27, 2020

About

Everlane, the clothing retailer known for its "radical transparency" and ethical branding, has conducted significant layoffs amid the COVID-19 pandemic, despite earlier assurances to staff about the company's strength. The layoffs affected 42 out of 57 remote "customer experience" workers who were unionizing, along with 180 part-time retail employees, while 68 full-time retail staff were furloughed. Additionally, eight temporary workers were laid off with minimal notice. CEO Michael Preysman cited depressed online sales and store closures as reasons, taking a zero salary himself while senior leadership reduced theirs by 25%. The layoffs occurred in early 2020, impacting the retail industry, with Everlane operating as a mid-scale ethical fashion brand.