ConsumerUS

VSCO Layoffs

April 2020

VSCO announced a layoff affecting 45 employees (35% of its workforce) in April 2020. The company operates in the Consumer sector.

People Affected

Percentage

35%

Announced Date

Apr 14, 2020

About

VSCO, a popular photography mobile app, laid off 45 employees yesterday, representing 30% of its workforce. The CEO cited the need to transition toward a self-sustaining business model as the reason for the cuts. The company is offering a minimum of seven weeks of severance pay, two months of health coverage, and job placement assistance to those affected, most of whom are based in the San Francisco Bay Area. This restructuring reflects broader challenges in the tech industry as companies adjust to economic pressures.