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Stitch Fix plans 20% job cuts as CEO steps down, founder Katrina Lake to reassume post

Por: CNBC Tech January 06, 2023

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In this articleKatrina Lake, CEO of Stitch FixAdam Jeffery CNBC founder Katrina Lake on Thursday told employees the company will be cutting 20% of its salaried workforce and she will reassume her post as CEO as the continues to grapple with low sales, a dwindling customer base and a reduced market cap.The brand's current CEO, Elizabeth Spaulding, who joined the company as president in 2020 and , will be stepping down effective immediately,... + full article



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