Redbubble, an Australian company that produces custom-designed products and provides a marketplace for artists, has announced a reduction in workforce and cost savings. The CEO stated that the savings will come from three categories: cost of doing business, brand, and people.
Fourteen per cent were slashed in January, with another 23 per cent let go in a larger reduction in May.Melbourne-based Redbubble produces custom-designed t-shirts, mugs and other gifts, and provides a marketplace for artists. Picture: Redbubble .
“The savings identified fall into three categories – cost of doing business, brand and people,“ Mr Hosking said. “In January, the group announced that the brand awareness project would be suspended as the group no longer expected it to deliver a commensurate financial return. But that follows a plummet of about 40 per cent in August 2022, as the company at the time revealed ballooning costs and a loss of customers.
Redbubble Job Cuts Cost Savings Custom-Designed Products Marketplace CEO Workforce Reduction
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