Highsnobiety Lays Off 10 Percent of Its Staff

German streetwear and youth culture media platform Highsnobiety announced the layoffs of 24 employees last week, about 10 percent of its workforce, people close to the matter told BoF.

Founder and CEO David Fischer and chief operating officer Jürgen Hopfgartner announced the news on an internal call last week, citing unfavourable economic conditions and the need for cost-cutting measures, according to these sources.

The job cuts affected…