Rent the Runway Layoffs

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Rent the Runway, a popular online clothing rental company, laid off its entire retail workforce in late March 2020 due to the severe uncertainty caused by the coronavirus pandemic. The company, which operates physical stores in several major U.S. cities, was forced to close all locations as government restrictions were enacted. During a brief Zoom call, executives stated the business needed to dramatically reassess operations to survive, eliminating all retail roles as there was no visibility into when stores could reopen. This heartbreaking decision impacted the company's brick-and-mortar employees, who were immediately cut off from company systems. The affected staff received their final paychecks, severance, and extended health benefits as the fashion rental industry grappled with the unprecedented crisis.

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