ThredUp Layoffs
February 2021
ThredUp announced a layoff affecting 243 employees in February 2021. The company operates in the Retail sector.
243
Feb 9, 2021
About
Online clothing reseller ThredUp is laying off 243 employees as it closes its distribution center in Vernon Hills, Illinois, effective March 19, 2021. The company, which operates in the e-commerce and secondhand fashion industry, is consolidating operations into more scalable and cost-efficient facilities in Pennsylvania, Georgia, and Arizona. While the exact total employee count isn't specified, the layoffs are part of a strategic shift following pandemic-related sales fluctuations and ahead of a planned initial public offering. ThredUp is offering affected workers relocation support, severance, and job placement assistance.
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