Editor
Ssense, a Canadian retailer that has emerged as a major contender in the online multi-brand luxury space in recent years, has laid off 138 employees, the company confirmed to BoF.
The job cuts resulted in a 7 percent reduction of its overall workforce, marking the first time Ssense scaled back its headcount since its founding 20 years ago.
The company said the move was motivated by slowing e-commerce growth and an uncertain economic climate.
