Zappos Lays Off 8% of Workforce
Even a role model enterprise such as Zappos needs to cost cut. 8% of its workforce will be reduced. Zappos CEO wrote on Thursday in his blog:
"Today has been a tough, emotional day for everyone at Zappos. We made the hard choice of laying off about 8% of our employees.
The layoffs will affect almost every single department at Zappos. In addition, we are also looking at closing some of our brick and mortar outlet stores in Nevada and Kentucky.
Fortunately for Zappos, we're in a much better position than many other companies. Unlike many other companies, we are still growing and already profitable and cash flow positive."
Zappos follows eBay, who recently also made similar cuts.
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Originally posted in German by Jochen Krisch, translated by Jason Soo.
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