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Stitch Fix announces job cuts amid widening Q3 losses

Online styling platform Stitch Fix announced Thursday plans to cut 15 percent of its salaried workforce as its losses widened and revenues fell in the third quarter. In the three months ended April 30, the US company made a net loss of 78 million dollars compared to a loss of 18.8 million dollars a year earlier, while it made an EBITDA loss of...

Jun 10, 2022