Poshmark, a Redwood City, California-headquartered secondhand apparel marketplace, is laying off a proportion of its 800+ employees. The reduction is coming about two months after South Korean internet firm Naver completed its acquisition of the company earlier this year for $1.2 billion.
Naver agrees to acquire fashion marketplace Poshmark for $1.2B
Poshmark confirmed to TechCrunch that the company is cutting its workforce due to the economic slowdown but did not disclose the number of people impacted.
“We made the difficult decision to reduce the size of some of our teams to better
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