Tbh. I don't really have a good understanding of what they do. But I hope the best for the people impacted!
Me either
They provide personal styling using algorithms and data science. They develop quite cutting edge algorithms and are very respected at-least in the data science community
They ask you a bunch of questions and they send you clothes they think you may like. You pay a monthly subscription for this. Thredup tried a similar business model calling goody boxes, but thredup couldn’t scale it so they killed goody boxes. I am guessing stitch fix has a scalability issue?
i don’t believe our ceo and cfo know how to scale a retail company with physical inventory. they projected our revenue growth extremely high, and hired in line with that growth. now we have to cut all those new people and more in order to bring our costs down.
Same thing happened with thredup, they spent 75M on a distribution center in Texas which holds 10M items and they spent 25M buying some shitty company in Bulgaria so they can grow international sales. Now they also have to layoff people to cut down costs. Of course the layoffs aren’t as big as stitch fix, but if things stay the same for thredup in a year, there will be more layoffs. Realreal too
Tech Industry
4h
269
How important are soft skills in tech interviews?
Tech Industry
10h
782
Update: Trans Coworker Stealing Breast Milk
Tech Industry
7h
1258
I am starting to think Chinese interviewers currently fail non-Chinese candidates on purpose.
Tech Industry
5h
1451
Cute girl on the floor
Software Engineering Career
9h
1201
Cleared Amazon onsite, but lowballed.
I thought their service absolutely sucked when I tried it.