San Francisco, California-based Faire, an e-commerce wholesale marketplace platform that connects independent artisans and brands with local retailers, has announced its second restructuring following the restructuring in October 2023.
The restructuring will impact approximately 20% of the company's workforce or 250 employees.
According to a company spokesperson, "We built our former organizational structure with multiple layers of management to support our pace of hiring. When we slowed down hiring last year, naturally, we weren’t able to grow into that larger structure. Our focus remains on being able to consistently support our independent retailer customer community as a reliable partner well into the future. We're thankful for the team members who've contributed to Faire's success so far and are sad to part ways," the company said.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?