“Glossier Lays Off Workers” refers back to the latest job cuts made by the favored magnificence firm, Glossier. The corporate laid off roughly 80 workers, or 8% of its workforce, to be able 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 determination to put off workers is an element of a bigger pattern within the tech business, the place corporations are reducing prices and shedding staff to be able to keep afloat. The sweetness business can also be dealing with 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 just isn’t the one magnificence firm to put off workers in latest months. Different corporations, akin to Coty and Revlon, have additionally introduced layoffs.
