Rent the Runway Layoffs 2024: What to Know About the Latest RENT Job Cuts
Rent the Runway(RENT) InvestorPlace·2024-01-09 23:22
Rent the Runway (NASDAQ:RENT) layoffs are on the way as the shared designer closet company announced plans to cut jobs as part of a restructuring plan.A filing with the Securities and Exchange Commission (SEC) reveals that Rent the Runway is going to cut 10% of its workforce as part of that restructuring. The company intends to complete the major of its restructuring by the end of its fiscal fourth quarter of 2023.Rent the Runway says that the layoffs will result in one-time charges between $3 million and $ ...