Stitch Fix to Cut Workforce by 15% of Salaried Roles

Stitch Fix Inc. said on Thursday it is reducing its workforce by around 15 percent of salaried positions, as the online personalised styling service firm aims to return to profitability.

Decades-high inflation and the impact of the war in Ukraine have pressured Corporate America to consider laying off people or put a freeze on hiring.

The layoff at Stitch Fix accounts for nearly 4 percent of the roles, or around 330 positions in total, with…