StockX confirmed that it laid off less than 80 employees. In a media statement, the sneaker marketplace seller said it made “adjustments” to corporate teams “to align with our current organizational priorities.”
“While macroeconomic trends require businesses to be nimble, our vision of being the trusted global platform for consuming and trading current culture is as certain as ever. We thank the many team members who have contributed to this effort,” said StockX.
Employees impacted by the layoff received severance packages, an extended stock options window, 401K match vesting, an option to keep laptops, health benefits, outplacement services, and mental health support.
This is the second round of layoffs at the company following layoffs in June that affected 8 percent of StockX’s workforce, according to Retail Dive. As of the end of October, StockX had more than 1,500 employees.
Photo courtesy StockX
