“Glossier Lays Off Staff” refers back to the current job cuts made by the favored magnificence firm, Glossier. The corporate laid off roughly 80 workers, or 8% of its workforce, with a view to cut back prices and streamline operations. This transfer comes amidst a difficult financial local weather and elevated competitors within the magnificence business.
Glossier’s choice to put off workers is a component of a bigger pattern within the tech business, the place firms are reducing prices and shedding staff with a view to keep afloat. The sweetness business can also be going through challenges, with customers turning into extra price-conscious and the rise of on-line retailers placing strain on conventional brick-and-mortar shops. In consequence, Glossier isn’t the one magnificence firm to put off workers in current months. Different firms, comparable to Coty and Revlon, have additionally introduced layoffs.
