Ruggable was founded more than a decade ago and sells its rugs directly to consumers through e-commerce. It has also partnered with known designers and artists, including Jonathan Adler and Monica Ahanonu. It’s the latest DTC retailer to be impacted by layoffs. Other similar companies that have recently cut staff include Warby Parker, Stitch Fix, Glossier and Allbirds.
REI eliminates 8% of its corporate workforce
Eric Artz, the president and CEO of REI Co-op, in a note to employees on Jan. 31 announced that 167 positions — about 8% — of its total corporate workforce would be eliminated.
"We have clear goals for the future of the co-op and are confident in our long-term strategies," Artz' message said. "But in the face of increasing uncertainty, we need to sharpen our focus on the most critical investments and areas of work to best serve our members and grow the Co-op over the long term. We will need to make hard choices, and that will be the work ahead for all of us."
Eligible full-time employees impacted by the cuts were offered a severance package, Artz said. Laid-off workers will also retain health care benefits for four months, be paid out vacation time, receive their 2022 bonuses and receive help with external job placement.