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Stitch Fix said it would cut about 330 jobs as the personal shopping and styling service grapples with a slowdown in sales and widening losses.
The moves would affect roughly 15% of the salaried positions at the San Francisco-based company, and about 4% of its overall workforce, Chief Executive Officer Elizabeth Spaulding said in a memo to staff Thursday. Most of the reductions are in the company’s nontechnology corporate roles and styling leadership roles, the memo said.
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