Click here to join our community of experts to get information on job search, salaries and more.

factory
Mejuri
corporate_fare
Retail
where_to_vote
TORONTO
paid
Funding Stage - Series B
person
Layoff Count - 50

Posted on August 11, 2022

D2C STARTUPS NOT IMMUNE TO DOWNTURN AS ARTICLE, MEJURI MAKE STAFF CUTS

D2C STARTUPS NOT IMMUNE TO DOWNTURN AS ARTICLE, MEJURI MAKE STAFF CUTS

Online furniture store Article laid off 216 employees, representing 17 percent of its team. Meanwhile, fine jewelry brand Mejuri reduced its workforce by 10 percent, which amounts to 50 people.

First reported by Vancouver Tech Journal, Aamir Baig, co-founder and CEO of Article, confirmed the staff reduction in a post on the company’s website. He said the layoffs were a first in Article’s 11-year history, attributing the move to missed financial projections.