Rent the Runway to Reduce Workforce as More Customers Pause Their Subscriptions

Rent the Runway to Reduce Workforce as More Customers Pause Their Subscriptions

Rent the Runway said it would reduce its corporate workforce by 24%, primarily through layoffs, as the fashion-rental service adjusts to a slowdown in consumer spending and shifts from shopping habits adopted earlier in the pandemic.

The New York company on Monday didn’t specify the total number of jobs affected. It had 958 full-time employees and 138 part-time employees as of Jan. 31, according to securities filings.

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