Tag: Houzz
4 views on the future of retail and the shopping experience
The global spread of COVID-19 and resulting orders to shelter in place have hit retailers hard. As the pandemic drags on, temporary halts are becoming permanent closures, whether it’s the coffee shop next door, an historic bar, or a well-known lifestyle brand. But while the present is largely bleak, preparing…
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Houzz lays off 155 employees, cuts executive salaries
Houzz, an online platform for home renovation and design, has laid off 155 employees, roughly 10 percent of its staff, per an internal memo obtained by TechCrunch. Executive salaries also took a cut. The company, last valued at $4 billion, confirmed the content of the memo in a statement to…
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Modsy confirms layoffs, 10 months after announcing its $37M Series C
Modsy, an e-commerce company that creates 3D renderings of customized rooms, has confirmed to TechCrunch that it laid off a number of staff. In addition, several of its executives, including CEO Shanna Tellerman, will take a 25% pay cut. TechCrunch first heard about the layoffs from a source. The company’s…
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Sequoia-backed Houzz scraps plan to create home goods in-house
Houzz, the home decorating startup backed by Sequoia Capital, has scrapped a plan that would have seen the company design and sell its own houseware. The plan, a pilot program called Private Label, was still in progress within the company, but given current market conditions, Houzz has set aside its…
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