Warby Parker is laying off 63 corporate employees — 2% of its total workforce and 15% of its corporate workforce, the DTC eyewear brand said on Tuesday.
The reductions don’t affect customer-facing jobs in retail or customer experience, or at the brand’s in-house optical labs, according to an internal memo from Warby Parker co-chief executives Neil Blumenthal and Dave Gilboa obtained by Retail Dive.
In their note to employees, Blumenthal and Gilboa cited “significant volatility and uncertainty” in the global economy, resulting in changes to consumer behavior. Last year, Warby Parker’s revenue rose 37.4% to $540.8 million, while net loss widened by $88.4 million to $144.3 million due to rising SG&A expenses.
Source: Retail Dive
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