Shutterfly Layoffs
January 2021
Shutterfly announced a layoff affecting 800 employees in January 2021. The company operates in the Manufacturing sector.
800
Jan 25, 2021
About
In late January 2021, Shutterfly announced a significant staff reduction affecting nearly 800 employees. The layoffs primarily impacted the Lifetouch National School Studios division, with 700 positions cut in the U.S. and 30 in Canada, while the core Shutterfly business eliminated 90 roles. The company cited declining sales and the ongoing impact of the COVID-19 pandemic as key reasons, noting that the health crisis particularly affected the Lifetouch studio and school photography business. This restructuring, which also consolidated operational territories, followed Shutterfly's acquisition of Lifetouch in 2018 and its subsequent transition to private ownership under Apollo Global Management.
Related Events
More Manufacturing Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl