Modsy Layoffs
April 2020
Modsy announced a layoff affecting 0 employees in April 2020. The company operates in the Retail sector.
0
Apr 2, 2020
About
In April 2020, Modsy, an e-commerce startup specializing in 3D room visualizations for home design, confirmed a round of layoffs amid the economic uncertainty of the COVID-19 pandemic. The company declined to specify the exact number of employees affected, but reports suggested significant cuts, with executives including CEO Shanna Tellerman taking a 25% pay cut. Modsy, which had raised $70.8 million in venture capital, cited the need to maintain a sustainable business during unprecedented circumstances. The layoffs reflect broader challenges in the e-commerce and home improvement sectors, as consumer spending shifted away from discretionary purchases like furniture.
Related Events
More Retail Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl