SellerX Layoffs
July 2022
SellerX announced a layoff affecting 28 employees in July 2022. The company operates in the Retail sector.
28
Jul 19, 2022
About
Berlin-based Amazon aggregator unicorn SellerX, valued over $1 billion and backed by investors like BlackRock, laid off approximately 28 employees in early May 2022. This represents about 4% of its then 700-person workforce. The layoffs are part of a broader downturn affecting the once-booming Amazon aggregator industry, which saw rapid growth and heavy VC investment during the pandemic. Rising acquisition costs for sellers and decreasing consumer spending power have pressured the business model, leading to similar job cuts at other major aggregators like Thrasio and Heroes across Europe and the US.
Source
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