Highsnobiety Layoffs
April 2020
Highsnobiety announced a layoff affecting 51 employees (25% of its workforce) in April 2020. The company operates in the Media sector.
51
25%
Apr 1, 2020
About
In April 2020, streetwear and media publisher Highsnobiety laid off 25% of its workforce, totaling 51 employees, as the COVID-19 pandemic severely impacted its operations. The cuts, affecting 38 staff in Berlin and 13 in the U.S., included the closure of its commerce division. Founder David Fischer cited the crisis's devastating effects, noting that cost-saving measures were insufficient, and the commerce model became unsustainable as brands halted shipping and production. The 15-year-old company, which had invested in direct-to-consumer product creation, was forced to reimagine its business amid supply chain disruptions and shifting consumer demand.
Source
View Sourcedigiday.comRelated Events
More Media Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl