Thirteen-year-old direct-consumer rug brand Ruggable laid off 100 employees on Friday, joining a number of e-commerce startups resorting to layoffs in the new year ahead of a potential recession.
“On January 27th, we made the difficult decision to part ways with about 100 members of our global corporate team,” a statement from Ruggable read. “This outcome was driven by an internal restructuring to ensure our business will remain strongly positioned in today’s challenging economic environment. We are incredibly appreciative of our team’s contributions to Ruggable.”
LinkedIn pegs the number of Ruggable employees at more than 440, including part-time workers. Within the past month, a number of e-commerce companies including Stitch Fix, Wayfair, and Everlane have all announced layoffs, with many of them attributing the cuts to a need to right-size their businesses following months of high inflation.