Rent the Runway to Cut Corporate Staff by 24% After Q2 Active Subscriptions Drop
Retail TouchPoints
SEPTEMBER 13, 2022
Rent the Runway will lay off nearly one-quarter of its corporate employees as it seeks to deal with a decrease in active subscriptions in fiscal Q2 2022, which ended July 31, 2022, compared to fiscal Q1. Active subscribers decreased from approximately 135,000 to 124,000 , and the number of paused subscriptions increased from around 42,000 to 49,000.
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