RetailUS

Faire Layoffs

November 2023

Faire announced a layoff affecting 250 employees (20% of its workforce) in November 2023. The company operates in the Retail sector.

People Affected

250

Percentage

20%

Announced Date

Nov 3, 2023

About

Wholesale marketplace Faire has laid off 20% of its staff, or about 250 people, as part of a restructuring to better align teams with its long-term vision. This marks the company's second round of known cuts in just over a year, following a 7% layoff in October 2022 when it had about 1,200 employees.