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ThredUp cuts 25% of workforce

Got announced this morning. 50 people were impacted. The vibe in the office is weird. How's the job market looking, worth leaving a sinking ship? #tech #layoff YOE: 7 TC: 🥜🥜

Microsoft Muаd’Dib Mar 19

Who?

thredUP beWn02 OP Mar 19

Looks like remote workers were targeted, but also a lot of random cuts

Swiftly uJPH43 Mar 23

Remote workers like who? I heard some VPs got axed, engineering was affected. Now thredUP is running on a skeleton crew. They were a healthy lean before, now I don’t see how thredUP can grow given the minimal resources it has. James for sure is going for an acquisition here. Once we missed the mark on the earnings report it’s game over for thredUP.

Informatica gahoga Mar 19

What is thead

Swiftly uJPH43 Mar 23

Damn I used to work at thredUP. It was a great company at one point. Especially during the early days of its ipo. Sounds like shit is going downhill since they missed the mark on its last quarterly earnings report

thredUP beWn02 OP Mar 25

I've heard that, the CEO seems bitter now a days and is grasping for straws

thredUP beWn02 OP Mar 25

They're also rebranding the layoff as a re-invention of the company because of AI