Zulily on Monday announced that the company is eliminating “a number of positions” within its corporate teams.
“[W]e announced to our team members some hard choices we have made for our organization to bring our operating expenses in line with our revenue and position our business for future growth,” a Zulilly spokesperson said in an email to Retail Dive.
The retailer declined to share details about the number of people impacted in the round of layoffs, but stated they would receive support including severance payments, the continuation of some benefits and outplacement assistance.
The layoffs were separate from those parent company Qurate Retail Group announced on Feb. 28, which impacted 400 people, or about 12% of its corporate headcount, mostly in its QVC and HSN units.
Earlier this month Qurate reported its earnings, wherein Zulily’s revenue decreased 28% in the fourth quarter and 38% for the full year. Zulily also reported a $396 million operating loss for the quarter and a $469 loss for the year.
At the start of 2022, Zulily began work on a transformation strategy, which included layoffs of its corporate workforce and the closure of its fulfillment center in Bethlehem, Pennsylvania.
